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Lead down 0.2% on overseas cues, subdued spot demand

Metal for delivery in December shed 30 paise, or 0.2%

Press Trust of India New Delhi
Lead prices eased by 0.26% to Rs 134.40 per kg in futures trade today as speculators reduced their exposures amid a weak trend overseas and subdued spot demand.

At the Multi Commodity Exchange, lead for delivery in January fell 35 paise, or 0.26%, to Rs 134.40 per kg in a business turnover of 14 lots.

On similar lines, the metal for delivery in December shed 30 paise, or 0.22%, to Rs 133.25 per kg in 219 lots.

Marketmen said a weak trend in base metals at the London Metal Exchange (LME) after manufacturing data for China missed estimates and subdued domestic demand mainly led to fall in lead futures prices.
 

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First Published: Dec 16 2013 | 12:43 PM IST

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