NEW DELHI, Oct 15: Lead weakened by 0.15 per cent to Rs 130.35 per kg in futures trade today after participants reduced their exposures amid sluggish demand from battery makers in the spot market and a weakening overseas trend.
At the Multi Commodity exchange, lead for delivery in October shed 20 paise, or 0.15 per cent, to Rs 130.35 per kg in business turnover of 532 lots.
Metal prices for delivery in November fell marginally by 15 paise, or 0.11 per cent, to trade at Rs 131.60 per kg in 8 lots.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, weak trend at the London Metal Exchange as dealers nervously wait for US lawmakers to agree a budget deal and raise the country’s borrowing limit to avert a default, led to a fall in lead futures prices. (PTI)
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