Lead futures trade lower on subdued demand

Lead prices traded lower by Rs 1.40 to Rs 114.50 per kg in futures trade.

Written by Agencies | New Delhi | Published: October 12, 2012 5:30:13 pm

Lead prices traded lower by Rs 1.40 to Rs 114.50 per kg in futures trade today due to subdued demand in the spot market.

At the Multi Commodity Exchange,lead for delivery in November fell by Rs 1.40,or 0.56 per cent,to Rs 114.50 per kg in business turnover of 570 lots.

Similarly,the metal for delivery in October traded lower by 60 paise,or 0.52 per cent,to Rs 114.30 per kg in 5,919 lots.

Market analysts attributed the decline in lead futures to subdued demand from battery makers in the spot market.

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