Lead futures shed 0.16% on sluggish demand, global cues

NEW DELHI, Oct 29:  Lead prices drifted by 0.16 per cent to Rs 123.90 per kg in futures trade today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in October declined 20 paise, or 0.16 per cent, to Rs 123.90 per kg in business turnover of 96 lots.
Metal prices for delivery in November fell by a similar margin to Rs 124.85 per kg in a turnover of four lots.
Market analysts said besides sluggish demand from battery-makers in the spot market, a weak trend in base metals pack at the London Metal Exchange (LME) ahead of the outcome of US Federal Reserve’s meeting, mainly kept pressure on lead prices in futures trade. (PTI)

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