 "Lead down by 1% on global cues")
Lead prices declined by 1.05% to Rs 108.60 per kg in futures trade today amid a weak trend in base metals overseas.
Subdued demand at domestic spot markets too weighed on prices.
At the Multi Commodity Exchange, lead for delivery this month fell by Rs 1.15, or 1.05%, to Rs 108.60 per kg in business turnover of 587 lots.
Marketmen attributed the fall in lead futures to offloading of positions by speculators taking weak cues from global markets amid a stock market rout in China, stoking fears that the sell-off may trigger a broader slowdown in the world's biggest metals consumer.
Subdued demand at domestic spot markets too weighed on prices.
At the Multi Commodity Exchange, lead for delivery this month fell by Rs 1.15, or 1.05%, to Rs 108.60 per kg in business turnover of 587 lots.
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Similarly, the metal for delivery in August traded lower by 75 paise, or 0.68%, to Rs 110 per kg in 15 lots.
Marketmen attributed the fall in lead futures to offloading of positions by speculators taking weak cues from global markets amid a stock market rout in China, stoking fears that the sell-off may trigger a broader slowdown in the world's biggest metals consumer.