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Lead futures slide 0.62% on low demand

Press Trust of India  |  New Delhi 

Lead prices fell by 0.62 per cent to Rs 161.15 per kg in futures trade today as speculators trimmed their positions, taking negative cues from the spot market on subdued demand.

At the Multi Commodity Exchange, lead for delivery in January 2018 was trading lower by Re 1, or 0.62 per cent, to Rs 161.15 per kg in business turnover of 129 lots.

Likewise, the metal for delivery in December contracts shed 90 paise, or 0.56 per cent, to Rs 160.95 per kg in 8,262 lots.

Marketmen said offloading of positions by participants owing to slackened demand from consuming industries in the physical market, 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: Tue, December 05 2017. 17:00 IST