Lead down 0.5% on subdued spot demand

Lead futures for April fell 65 paise, or 0.54%, to Rs 120.15 per kg in 220 lots.     

At the Multi Commodity Exchange (MCX), the March contract shed 60 paise, or 0.50%, to Rs 119.40 per kg in 2,068 lots.

Prices were affected as speculators reduced their positions.

Subdued spot demand also had a negative impact.

Weakening trend at the London Metal Exchange (LME) due to drop in US factory orders that raised demand concerns triggered the downtrend in Lead futures trade here.