Lead falls by 0.4% on low domestic demand
Participants reduced exposure amid a weak trend overseas and sluggish domestic demand
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Lead fell 0.38% to Rs 118.80 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in current month contracts was trading 45 paise, or 0.38%, down at Rs 118.80 per kg in a business turnover of 56 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange weighed on lead futures here.
At Multi Commodity Exchange, lead for delivery in current month contracts was trading 45 paise, or 0.38%, down at Rs 118.80 per kg in a business turnover of 56 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange weighed on lead futures here.
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First Published: Jun 15 2015 | 11:02 AM IST