 "Lead down 0.9% on global cues, subdued demand")
Lead prices edged lower by 0.93% to Rs 127.85 per kg in futures trade today, after speculators trimmed exposures amid a weak trend in the entire base metals overseas and subdued spot demand.
At the Multi Commodity exchange, lead for delivery in April shed Rs 1.20, or 0.93%, to Rs 127.85 per kg in business turnover of 57 lots.
Likewise, the metal for delivery in March declined by Rs 1.05, or 0.82%, to Rs 126.70 per kg in a turnover of 836 lots.
Market analysts a weak trend in copper and other base metals at the London Metal Exchange (LME)as weak Chinese trade data raised demand concern and a subdued trend at domestic spot markets, mainly put pressure on the lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in April shed Rs 1.20, or 0.93%, to Rs 127.85 per kg in business turnover of 57 lots.
Likewise, the metal for delivery in March declined by Rs 1.05, or 0.82%, to Rs 126.70 per kg in a turnover of 836 lots.
Market analysts a weak trend in copper and other base metals at the London Metal Exchange (LME)as weak Chinese trade data raised demand concern and a subdued trend at domestic spot markets, mainly put pressure on the lead prices at futures trade.