Muted Demand Drags Down Lead Futures By 0.90%

 Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators trimmed their positions in the industrial metal on account of muted physical demand for lead, from battery-makers, in the domestic spot market. Further, a decline 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 September 2016 contract is trading at Rs 131.40 per kg, down by 0.90 %, after opening at Rs 132.30, against a previous close of Rs 132.60. It touched the intra-day low of Rs 131.20.

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