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Updated January 9th, 2020 at 22:21 IST

Lead futures decline on muted demand

Lead prices on Thursday drifted lower by 1.11 per cent to Rs 152.05 per kg in futures trade as speculators cut bets on low demand.

Lead
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Lead prices on Thursday drifted lower by 1.11 per cent to Rs 152.05 per kg in futures trade as speculators cut bets on low demand. On the Multi Commodity Exchange, lead for delivery in May fell by Rs 1.70, or 1.11 per cent, to Rs 152.05 per kg in 2 lots.

Read: Oil Spikes, Stocks Plunge After Iran Attacks

A fall in demand

Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in physical market mainly exerted pressure on lead prices here.

Read: Asia Stocks Rebound As Iran Fears Ease, But Traders Stay On Alert

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Published January 9th, 2020 at 22:21 IST

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