 "Lead down 0.3% on subdued demand")
Lead prices fell by 0.26% to Rs 132.55 per kg in futures trading today as speculators reduced positions due to decline in demand from battery-makers in the spot market.
At the Multi Commodity exchange, lead for delivery in August contracts traded lower by 35 paise, or 0.26% to Rs 132.55 per kg in business turnover of one lot.
Likewise, the metal for delivery in July contracts shed 30 paise, or 0.23% to Rs 131.40 per kg in 176 lots.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, absence of cues from global market put pressure on lead futures here.
At the Multi Commodity exchange, lead for delivery in August contracts traded lower by 35 paise, or 0.26% to Rs 132.55 per kg in business turnover of one lot.
Likewise, the metal for delivery in July contracts shed 30 paise, or 0.23% to Rs 131.40 per kg in 176 lots.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, absence of cues from global market put pressure on lead futures here.