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Lead down 0.27% on overseas trend

Weak demand from battery makers triggered the downtrend

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Press Trust of India New Delhi

At the Multi Commodity exchange, lead futures for January softened by 35 paise, or 0.27% to Rs 128.55 per kg in 2,668 lots.

The February contract shed 30 paise, or 0.23% to Rs 129.10 per kg in 401 lots.

Weak demand from battery-makers, a weak trend in the base metals pack at the London Metal Exchange after the Federal Reserve signalled a halt to asset purchases aiming to spur US economic growth, triggered the downtrend.

Strengthening dollar, which reduced the appeal for commodities, including metals, also weighed on the prices.

 

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First Published: Jan 07 2013 | 11:53 AM IST

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