Lead down by 0.4% on subdued demand

Lead prices fell 0.39% to Rs 129.05 per kg in futures trade today as speculators reduced exposures on subdued spot demand and a weak trend in global markets.

At the Multi Commodity Exchange, lead for delivery in October fell by 50 paise, or 0.39%, to Rs 129.05 per kg in a business turnover of 185 lots.

The metal for delivery in November also fell by 45 paise, or 0.35%, to Rs 129.95 per kg in a business volume of four lots.

Marketmen said a weak trend in the domestic markets due to subdued demand from battery makers and weakness in copper and other base metals overseas, as strengthening dollar reduced demand for industrial metals, influenced sentiments.