Lead falls by 0.2% on profit-booking
A weak trend in base metals overseas weighed on lead prices at futures trade
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Lead prices fell by 0.18% to Rs 109.15 per kg in futures trade today as speculators booked profits.
Moreover, a weak trend in base metals overseas weighed on lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in March fell by 20 paise, or 0.18%, to Rs 109.15 per kg in a business turnover of 148 lots.
Similarly, the metal for delivery in current month traded lower by 15 paise, or 0.14%, to Rs 107.65 per kg in 126 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators as well as a weak trend in base metals overseas ahead of manufacturing data from China, the world's biggest consumer.
Moreover, a weak trend in base metals overseas weighed on lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in March fell by 20 paise, or 0.18%, to Rs 109.15 per kg in a business turnover of 148 lots.
Similarly, the metal for delivery in current month traded lower by 15 paise, or 0.14%, to Rs 107.65 per kg in 126 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators as well as a weak trend in base metals overseas ahead of manufacturing data from China, the world's biggest consumer.
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First Published: Feb 27 2015 | 10:57 AM IST