Lead falls by 0.3% on low demand

Lead prices fell by 0.24% to Rs 127.10 per kg in futures trading today as speculators trimmed positions on lower demand from battery-makers in spot markets.

At the Multi Commodity exchange, lead for delivery in November declined by 30 paise, or 0.24%, to Rs 127.10 per kg in a business turnover of 209 lots.

Similarly, the metal for delivery in December traded lower by 10 paise, or 0.08%, to Rs 128.15 in 50 lots.

Market analysts said subdued demand from battery-makers in the spot market and metal's weakness at the London Metal Exchange, put pressure on lead prices at futures trade.