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Lead futures slipped on weak overseas cues, low demand

Press Trust of India  |  New Delhi 

Lead prices were down by 0.47 per cent in futures market Friday after speculators reduced their bets amid weak overseas leads and subdued demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in current month was trading lower by 70 paise, or 0.47 per cent, to Rs 148.10 per kg in a business turnover of 381 lots.

Market analysts said trimming of positions by speculators were due to subdued demand from battery makers amid weak trend overseas, which weighed on lead futures here.

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

First Published: Fri, October 12 2018. 12:00 IST