Lead futures in reverse gear on muted demand
24/08/2016 11:05
Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal due to sluggish physical demand for lead, from battery-makers, in the domestic spot market. Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at the domestic spot markets. At the MCX, lead futures for August 2016 contract is trading at Rs 124.25 per kg, down by 0.44 per cent, after opening at Rs 124.50, against a previous close of Rs 124.80. It touched the intra-day low of Rs 124.15 (at 11:02 hours).
