Lead futures extend losses, down 0.55%

Continuing its slide, lead futures prices today fell by 0.55 per cent to Rs 116.90 per kg, in tandem with a weak trend in base metals pack overseas. 

Weak trend at the spot market due to subdued demand from battery makers, also put pressure on the lead futures prices here.

At the Multi Commodity Exchange counter, lead for January delivery fell by 65 paise, or 0.55 per cent, to Rs 116.90 per kg, with a business turnover of 51 lots.

Similarly, the metal for delivery in February, shed 45 paise, or 0.46 per cent to Rs 117.80 per kg, with a business volume of five lots.

Meanwhile, at the London Metal Exchange, lead declined by 1.9 per cent to $2,559 per tonne.

A weak trend at the London Metal Exchange as higher dollar reduced appeal for metal and commodities, fall in demand at domestic markets, also led to the fall in lead futures prices here.