 "Lead futures fall 0.26% on overseas trend, subdued demand")
Lead weakened by 0.26% to Rs 132.45 per kg in futures trading today as speculators trimmed positions amid a weak trend in global markets and subdued domestic demand.
Market analysts said besides a weak trend in base metals at the London Metal Exchange, subdued demand from battery-makers in the domestic spot market put pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in July declined by 35 paise, or 0.26%, to Rs 132.45 per kg in a business turnover of 349 lots.
Similarly, the metal for delivery in August traded lower by the same margin to Rs 133.50 per kg in six lots.
Market analysts said besides a weak trend in base metals at the London Metal Exchange, subdued demand from battery-makers in the domestic spot market put pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in July declined by 35 paise, or 0.26%, to Rs 132.45 per kg in a business turnover of 349 lots.
Similarly, the metal for delivery in August traded lower by the same margin to Rs 133.50 per kg in six lots.