Lead Futures Decline On Muted Demand

Economy

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.

Written By Press Trust Of India | Mumbai | Updated On:
Lead

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.

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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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