Taking weak cues from global market, lead prices went down by nearly one% in futures trading today as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in July declined by Rs 1.15, or 0.99% to Rs 114.50 per kg, with a business turnover of 152 lots.
Similarly, the metal for delivery in June went down by Rs 1.10, or 0.95% to Rs 114.20 per kg, with a business volume of 2,679 lots.
Analysts said a weak trend in base metals at the London Metal Exchange and slackness in demand at domestic spot markets led to the fall in lead futures prices here.