Lead down 0.6% on subdued spot demand

Lead prices weakened by 0.66% to Rs 128.10 per kg in futures market today as speculators reduced their positions on subdued spot demand.

At the Multi Commodity Exchange, lead for delivery in October weakened by 85 paise, or 0.66%, to Rs 128.10 per kg in business turnover of 1302 lots.

Likewise, the metal for delivery in November traded lower by 80 paise, or 0.62%, to Rs 129.10 per kg in 49 lots.

Market analysts said speculators reduced their positions due to subdued demand in the spot market, that helped lead prices to trade lower at futures trade.