Lead down 0.4% on subdued spot demand, global cues
Metal for delivery in November shed 0.37%
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Taking cues from global markets and subdued demand from domestic consuming industries, lead prices eased by 0.41% to Rs 133.45 per kg in futures trade today as speculators reduced exposures.
At the Multi Commodity Exchange, lead for delivery in October fell 55 paise, or 0.41%, to Rs 133.45 per kg in business turnover of 220 lots.
On similar lines, the metal for delivery in November shed 50 paise, or 0.37%, to Rs 134.50 per kg in 76 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) on speculation that the Federal Reserve may start tapering stimulus sooner than previously forecast and subdued demand from battery-makers mainly led to fall in lead futures pries.
At the Multi Commodity Exchange, lead for delivery in October fell 55 paise, or 0.41%, to Rs 133.45 per kg in business turnover of 220 lots.
On similar lines, the metal for delivery in November shed 50 paise, or 0.37%, to Rs 134.50 per kg in 76 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) on speculation that the Federal Reserve may start tapering stimulus sooner than previously forecast and subdued demand from battery-makers mainly led to fall in lead futures pries.
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First Published: Oct 31 2013 | 12:53 PM IST