 "Lead falls by 1.7% on weak global cues")
Lead fell 1.67% to Rs 103.20 per kg in futures trade today after participants trimmed positions amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in November was trading lower Rs 1.75, or 1.67%, at Rs 103.20 per kg in a business turnover of 294 lots.
Metal for delivery in December fell Rs 1.75, or 1.65%, to trade at Rs 104.25 per kg in 18 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange on demand concern in China, the biggest consumer, weighed on lead futures here.
At Multi Commodity Exchange, lead for delivery in November was trading lower Rs 1.75, or 1.67%, at Rs 103.20 per kg in a business turnover of 294 lots.
Metal for delivery in December fell Rs 1.75, or 1.65%, to trade at Rs 104.25 per kg in 18 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange on demand concern in China, the biggest consumer, weighed on lead futures here.