Subdued demand drags down lead futures by 0.67%

Lead futures fell during morning trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal amid fall in 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 December 2016 contract is trading at Rs 156.40 per kg, down by 0.67 %, after opening at Rs 156.85, against a previous close of Rs 157.45. It touched the intra-day low of Rs 156.05. 


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