 "Lead down by 0.2% on global trend")
Tracking a weak trend overseas and sluggish domestic demand, lead fell 0.16% to Rs 126.70 per kg in futures trade today after participants reduced their holdings.
At the Multi Commodity exchange, lead for delivery in December shed 20 paise, or 0.16%, to Rs 126.70 per kg in business turnover of 1 lot.
Similarly, metal for delivery in November month contracts fell 10 paise, or 0.08%, to Rs 125.95 per kg in a turnover of 53 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals in global markets amid data showing property prices declined a second month in China, the largest metals consumer, and disappointing industrial production data in the US, weighed on lead futures prices here.
At the Multi Commodity exchange, lead for delivery in December shed 20 paise, or 0.16%, to Rs 126.70 per kg in business turnover of 1 lot.
Similarly, metal for delivery in November month contracts fell 10 paise, or 0.08%, to Rs 125.95 per kg in a turnover of 53 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals in global markets amid data showing property prices declined a second month in China, the largest metals consumer, and disappointing industrial production data in the US, weighed on lead futures prices here.