Lead falls by 0.7% on low demand
Weak overseas cues also affected prices
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Lead prices eased by 0.69% to Rs 115.15 per kg in futures trading today on weakness in base metals at the London Metal Exchange (LME) amid subdued demand from battery makers at domestic spot markets.
At the Multi Commodity Exchange, lead for delivery in September declined by 80 paise, or 0.69%, to Rs 115.15 per kg in a business turnover of 549 lots.
On similar lines, the metal for delivery in October traded lower by 70 paise, or 0.60%, to Rs 116.25 per kg in 27 lots.
Market analysts said besides subdued demand from battery makers in the spot market, weakness in base metals at the LME, led to the fall in lead prices in futures trade here.
At the Multi Commodity Exchange, lead for delivery in September declined by 80 paise, or 0.69%, to Rs 115.15 per kg in a business turnover of 549 lots.
On similar lines, the metal for delivery in October traded lower by 70 paise, or 0.60%, to Rs 116.25 per kg in 27 lots.
Market analysts said besides subdued demand from battery makers in the spot market, weakness in base metals at the LME, led to the fall in lead prices in futures trade here.
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First Published: Sep 01 2015 | 12:22 PM IST