Lead down 0.63% in futures trade

Taking cues from weak global markets and sluggish spot demand, lead prices fell by 0.63% in futures trade today.

At the Multi Commodity Exchange, lead for August delivery declined by 75 paise, or 0.63%, to Rs 119 per kg, with a business turnover of 27 lots.

The July contract shed 65 paise, or 0.55%, to Rs 1,118.50 per kg, with a trading volume of 783 lots.

Analysts said a weak trend in copper and other base metals on the London Metal Exchange and subdued demand from battery makers and other consuming industries at domestic markets, led to the fall in lead futures prices here.