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Lead futures dip 0.53% on muted demand

Press Trust of India  |  New Delhi 

Lead prices drifted 0.53 per cent lower to Rs 130.60 per kg in futures trade Tuesday as speculators reduced exposure amid a weak trend at the spot market.

On the Multi Commodity Exchange, lead for delivery in May contracts declined by 70 paise, or 0.53 per cent, to Rs 130.60 per kg in a business turnover of 6,122 lots.

Analysts said, subdued demand at the spot market mainly led to the fall in prices here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 07 2019. 14:35 IST