 "Lead declines by 0.2% on subdued spot demand")
Lead prices weakened by 0.22% to Rs 112.85 per kg in futures trade today as speculators offloaded positions driven by subdued demand in the spot market.
However, the metal's strength at the London Metal Exchange, cushioned the fall.
At the Multi Commodity Exchange, lead for delivery in March shed 25 paise, or 0.22%, to Rs 112.85 per kg in a business turnover of two lots.
Market analysts said a weak trend at domestic spot markets on subdued demand from battery makers mainly led to a fall in lead prices at futures trade here.
However, the metal's strength at the London Metal Exchange, cushioned the fall.
At the Multi Commodity Exchange, lead for delivery in March shed 25 paise, or 0.22%, to Rs 112.85 per kg in a business turnover of two lots.
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Likewise, the metal for delivery in February traded lower by 15 paise, or 0.13%, to Rs 111.70 per kg in 139 lots.
Market analysts said a weak trend at domestic spot markets on subdued demand from battery makers mainly led to a fall in lead prices at futures trade here.