You are here: Home » PTI Stories » National » News
Business Standard

Lead futures slide 0.60% on low spot demand, profit-booking

Press Trust of India  |  New Delhi 

Amid sluggish domestic demand and by speculators, lead prices softened 0.60 per cent to Rs 165.70 per kg in futures trade today.

At the Multi Commodity Exchange, lead for delivery in October moved down by Re 1, or 0.60 per cent, to Rs 165.70 per kg in business turnover of 488 lots.

Likewise, the metal for delivery in November shed 95 paise, or 0.57 per cent, to Rs 166.20 per kg in two lots.

Analysts said besides sluggish demand from battery makers in the spot market, trimming of positions by traders to book profits at current levels led to the 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: Thu, October 12 2017. 11:22 IST