 "Lead down 0.5% on profit-booking, global cues")
Lead prices moved down by 0.56% to Rs 124.80 per kg in futures trade today as speculators locked in gains amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in July moved down by 70 paise, or 0.56%, to Rs 124.80 per kg in business turnover of 615 lots.
Similarly, lead for delivery in August traded lower by 65 paise, or 0.52%, to Rs 125.50 per kg in 40 lots.
Market analysts attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas amid concerns that slowing economic growth in China, the biggest user, will dampen demand ahead of a US jobs report tomorrow.
At the Multi Commodity Exchange, lead for delivery in July moved down by 70 paise, or 0.56%, to Rs 124.80 per kg in business turnover of 615 lots.
Similarly, lead for delivery in August traded lower by 65 paise, or 0.52%, to Rs 125.50 per kg in 40 lots.
Market analysts attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas amid concerns that slowing economic growth in China, the biggest user, will dampen demand ahead of a US jobs report tomorrow.