Lead down 0.6% on subdued spot demand
The metal's gain at London Metal Exchange limited the fall
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Lead prices eased by 0.64% to Rs 109.35 per kg in futures trade today as speculators reduced exposures amid subdued spot demand.
However, metal's gain at the London Metal Exchange limited the fall.
At the Multi Commodity Exchange (MCX), the May contract fell by 70 paise, or 0.64%, to Rs 109.35 per kg in 674 lots.
The June contract also fell by 70 paise, or 0.63%, to Rs 110 per kg in 35 kits.
Marketmen said a weak trend in the domestic spot markets due to subdued demand mainly put pressure on lead futures here but a firming trend in metal at the London Metal Exchange (LME), restricted fall.
At LME, lead gained 0.7% to $2,008 per tonne.
However, metal's gain at the London Metal Exchange limited the fall.
At the Multi Commodity Exchange (MCX), the May contract fell by 70 paise, or 0.64%, to Rs 109.35 per kg in 674 lots.
The June contract also fell by 70 paise, or 0.63%, to Rs 110 per kg in 35 kits.
Marketmen said a weak trend in the domestic spot markets due to subdued demand mainly put pressure on lead futures here but a firming trend in metal at the London Metal Exchange (LME), restricted fall.
At LME, lead gained 0.7% to $2,008 per tonne.
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First Published: May 14 2013 | 2:13 PM IST