Lead futures dip 0.09% on muted demand

Press Trust of India  |  New Delhi 

Lead prices eased by 0.09 per cent to Rs 164.75 per kg in futures market today as speculators reduced exposure amid weak demand at the spot markets.

At the Multi Commodity Exchange, lead for delivery in 15 paise, or 0.09 per cent to Rs 164.75 per kg in business turnover of 605 lots.

However, the for delivery in July held steady at Rs 165.30 per kg in 2 lot.

Analysts said cutting down of positions by traders owing to slackened demand from battery-makers in the physical market weighed on lead prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 04 2018. 11:25 IST