Lead futures drop 0.63% on diminishing demand - 24 Jan 2017

Commodity Intraday Tips

Lead futures drop 0.63% on diminishing demand

Lead futures fell during morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid subdued physical demand for lead, 
 from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from batter Aluminium futures little changed on subdued physical demand

Aluminium futures little changed during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal amid sluggish physical demand for aluminium at the domestic spot market.

GOLD

Note ban impact on gold buying will wane after budget: World Gold Council

India's demonetisation drive has impacted gold demand in the short term  but buying is showing signs of revival and post the presentation of  the national budget on February 1, the market will be back to normal, says the India chief of World Gold Council.

"In November and December (during the demonetisation drive) certainly there was some impact. But people have started buying.

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