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Lead futures slip after weak global cues, soft demand

Press Trust of India  |  New Delhi 

Taking cues from the global market and sluggish domestic demand, lead fell 0.62 per cent to Rs 161.40 per kg in futures trade today as speculators cut down bets.

At the Multi Commodity exchange, lead for delivery in December contracts was trading Re 1 down, or 0.62 per cent, at Rs 161.40 per kg in a business turnover of 27 lots.

Metal prices for delivery in the current month also fell by 95 paise, or 0.59 per cent, to Rs 160.70 per kg in 592 lots.

Market analysts said apart from slack demand from battery-makers in the domestic spot market, a weak trend in base metals pack at the Metal Exchange (LME) led to the fall in lead futures prices here.

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

First Published: Wed, November 15 2017. 11:22 IST