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Lead down 0.3% on subdued demand

Metal for delivery in January 2015 shed 0.29%

Press Trust of India New Delhi
Lead prices were marginally down at Rs 117.95 per kg in futures trading today amid monthly expiry of contracts.

At the Multi Commodity exchange, lead for delivery in December traded lower by 35 paise, or 0.30%, at Rs 117.95 per kg in business turnover of 172 lots.

The metal for delivery in January 2015 shed 35 paise, or 0.29% to Rs 119.50 per kg in 206 lots.

Analysts said apart from subdued demand from battery-makers in domestic spot market, off-loading of positions in view of monthly expiry put pressure on lead futures here.
 

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First Published: Dec 31 2014 | 11:40 AM IST

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