 "Lead down 0.6% on global trend, subdued domestic demand")
Tracking a weak trend overseas and subdued domestic demand, lead fell 0.61% to Rs 121.75 per kg in futures trade today after participants reduced their exposures.
At the Multi Commodity exchange, lead for delivery in June shed 75 paise, or 0.61%, to Rs 121.75 per kg in business turnover of 996 lots.
Metal prices for delivery in the July also fell by 60 paise, or 0.49% to trade at Rs 122.45 per kg in 595 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in metal at the LME, led to a fall in lead futures prices here.
At the Multi Commodity exchange, lead for delivery in June shed 75 paise, or 0.61%, to Rs 121.75 per kg in business turnover of 996 lots.
Metal prices for delivery in the July also fell by 60 paise, or 0.49% to trade at Rs 122.45 per kg in 595 lots.
More From This Section
Globally, at the London Metal Exchange (LME) lead traded a shade lower at $2,049.50 per tonne.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in metal at the LME, led to a fall in lead futures prices here.