Lead futures down on diminishing demand

Lead futures fell during noon trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 160.25 per kg, down by 0.47 per cent, after opening at Rs 158.85, against a previous close of Rs 161. It touched the intra-day low of Rs 158.25.

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