Lead futures drop on soft demand
Mar 12, 2020, 13:49 IST
New Delhi, Mar 12 () Lead prices on Thursday drifted lower by 0.42 per cent to Rs 141.70 per kg in futures trade as speculators cut bets on low demand.
On the Multi Commodity Exchange, lead for delivery in May fell by 60 paise, or 0.42 per cent, to Rs 141.70 per kg in 30 lots.
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Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly exerted pressure on lead prices here. VHP RUJRUJ(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)