 "Lead falls by 0.6% on weak spot demand")
Lead prices traded lower by 0.64% to Rs 109.20 per kg in futures trade today as participants reduced positions, driven by easing demand at the spot market.
At the Multi Commodity Exchange, lead for delivery in September fell 70 paise, or 0.64% to Rs 109.20 per kg in business turnover of 27 lots.
Similarly, the metal for delivery in August shed 55 paise, or 0.51% to Rs 108.35 per kg in 1,943 lots.
Market analysts said offloading of positions by speculators owing to sluggish demand from battery-makers in spot markets and a weak global trend mainly influenced lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in September fell 70 paise, or 0.64% to Rs 109.20 per kg in business turnover of 27 lots.
Similarly, the metal for delivery in August shed 55 paise, or 0.51% to Rs 108.35 per kg in 1,943 lots.
Market analysts said offloading of positions by speculators owing to sluggish demand from battery-makers in spot markets and a weak global trend mainly influenced lead prices at futures trade.