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Lead futures slide 0.21% on low spot demand, profit-booking

Press Trust of India  |  New Delhi 

Lead prices softened 0.21 per cent to Rs 164.20 per kg in futures trade today due to a sluggish domestic demand and by speculators.

At the Multi Commodity Exchange, lead for delivery in current month moved down by 35 paise, or 0.21 per cent, to Rs 164.20 per kg in business turnover of 196 lots.

The metal for delivery in January fell by a similar margin to trade at Rs 164.30 per kg in a business turnover of 2 lots.

Analysts said besides a sluggish demand from battery makers in the spot market, trimming of positions by traders to book profits at current levels led to a fall in lead prices at futures trade.

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

First Published: Mon, December 04 2017. 13:00 IST