 "Lead down 0.2% on subdued spot demand, global cues")
Lead prices fell by 0.20% to Rs 127.15 per kg in futures trade today as speculators reduced exposures on subdued spot demand and a weak trend in the global market.
At the Multi Commodity Exchange, lead for delivery in April was down by 25 paise, or 0.20%, to Rs 127.15 per kg in business turnover of 966 lots.
The metal for delivery in May also fell by 20 paise, or 0.16%, to Rs 128.25 per kg in a business volume of 9 lots.
Marketmen said a weak trend in the domestic spot markets due to subdued demand from battery makers and absence of positive cues from the global markets put pressure on lead futures here.
At the Multi Commodity Exchange, lead for delivery in April was down by 25 paise, or 0.20%, to Rs 127.15 per kg in business turnover of 966 lots.
The metal for delivery in May also fell by 20 paise, or 0.16%, to Rs 128.25 per kg in a business volume of 9 lots.
Marketmen said a weak trend in the domestic spot markets due to subdued demand from battery makers and absence of positive cues from the global markets put pressure on lead futures here.