Lead futures down 0.49 per cent

NEW DELHI, Nov 18:  Lead prices edged lower by 0.49 per cent to Rs 131.85 per kg in futures trade today after speculators reduced their exposures amid a weak trend in the entire base metals overseas and subdued spot demand.
At the Multi Commodity exchange, lead for delivery in December shed 65 paise, or 0.49 per cent, to Rs 131.85 per kg in business turnover of 10 lots.
Likewise, the metal for delivery in November declined by 55 paise, or 0.42 per cent, to Rs 130.45 per kg in a turnover of 290 lots.
Market analysts said besides subdued domestic demand from battery-makers, a weak trend in base metals at the London Metal Exchange mainly put pressure on the lead futures here. (PTI)


Please enter your comment!
Please enter your name here