NEW DELHI, Dec 5: Taking cues from global markets and subdued spot demand, lead prices eased by 0.58 per cent to Rs 129.25 per kg in futures trade today as speculators indulged in reducing exposures.
At the Multi Commodity Exchange, lead for delivery in January next year fell by 75 paise, or 0.58 per cent, to Rs 129.25 per kg in business turnover of 39 lots.
The metal for delivery in December also fell by 65 paise, or 0.50 per cent, to Rs 128.30 per kg in a turnover of 349 lots.
Marketmen said a weak trend in select base metals at the London Metal Exchange (LME) amid speculation that US Federal Reserve may taper monetary stimulus, mainly weighed on lead futures here.
Besides, subdued demand from battery-makers also supported the downside, they said. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel