Lead futures decline on weak metal trend

PTI New Delhi | Updated on April 01, 2011

In range-bound trade, lead futures fell by 0.45 per cent to Rs 121.40 a kg as speculators offloaded positions, tracking a weak trend in other base metals.

At the Multi Commodity Exchange, lead for delivery in April fell by 55 paise, or 0.45 per cent, to Rs 121.40 a kg, with a business turnover of 838 lots.

The metal for delivery in May also edged lower by Rs 50 paise, or 0.41 per cent, to Rs 121.10 a kg, with a turnover of 54 lots.

Market analysts said a weak trend in the copper and other base metals at the London Metal Exchange and subdued domestic demand, led to a fall in lead futures prices.

Published on April 01, 2011

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