 "Lead down 0.3% on subdued spot demand, overseas trend")
Tracking weakness in base metals overseas and subdued domestic demand, lead prices eased by 0.34% to Rs 132.85 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in February fell by 45 paise, or 0.34%, to Rs 132.85 per kg in business turnover of 352 lots.
Likewise, the metal for delivery in March shed 60 paise, or 0.30%, to Rs 133.95 per kg in 7 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend in base metals at the London Metal Exchange after a manufacturing gauge for China declined more than estimated, dampening demand outlook in the world's biggest user of metals.
At the Multi Commodity Exchange, lead for delivery in February fell by 45 paise, or 0.34%, to Rs 132.85 per kg in business turnover of 352 lots.
Likewise, the metal for delivery in March shed 60 paise, or 0.30%, to Rs 133.95 per kg in 7 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend in base metals at the London Metal Exchange after a manufacturing gauge for China declined more than estimated, dampening demand outlook in the world's biggest user of metals.