For Quick Alerts
For Daily Alerts

Lead drops on bearish overseas cues

By Religare

Lead prices fell by 0.72 per cent on Thursday at the domestic markets as a result of low demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the overseas market. At the MCX, Lead futures, for the August 2015 contract, is trading at Rs 111.50 per kg, down by 0.72 per cent, after opening at Rs 110.80, against a previous close of Rs 110.70. It touched an intra-day low of Rs 110.50 till the trading. (At 3.30 PM today).


However, losses were curbed due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 277 metric tonnes to 504573 metric tonnes as on August 20, 2015.

Story first published: Thursday, August 20, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more