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Lead futures slide 0.50 pc on low demand

Press Trust of India  |  New Delhi 

Lead prices fell by 0.50 per cent to Rs 140.40 per kg in futures trade Wednesday after speculators reduced their exposure amid a weak trend at the spot markets due to subdued demand.

At the Multi Commodity Exchange, lead for delivery in December was down by 0.70 paise, of 0.50 per cent, to trade at Rs 140.40 per kg in business turnover of 653 lots.

Marketmen said off-loading of bets by participants owing to slackened demand from consuming industries, particularly, battery-makers, at the physical markets, mainly weighed on 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: Wed, December 05 2018. 13:20 IST