 "Lead down 0.3% on overseas cues, subdued demand")
Lead softened by 0.32% to Rs 138.80 per kg in futures trade today amid a weak trend overseas and subdued demand from battery-makers in the domestic spot market.
At the Multi Commodity exchange, lead for delivery in August fell by 45 paise, or 0.32%, to Rs 138.80 per kg in a business turnover of 375 lots.
Similarly, the metal for delivery in September traded lower by 40 paise, or 0.29%, to Rs 139.25 per kg in 10 lots.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange weighed on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in August fell by 45 paise, or 0.32%, to Rs 138.80 per kg in a business turnover of 375 lots.
Similarly, the metal for delivery in September traded lower by 40 paise, or 0.29%, to Rs 139.25 per kg in 10 lots.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange weighed on lead prices at futures trade.