 "Lead weakens marginally on global cues")
Lead prices shed 0.04% to Rs 134.15 per kg in futures trading today as speculators trimmed positions amidst a weak global trend and subdued demand from battery-makers in the spot market.
At the Multi Commodity exchange, lead for delivery in August eased by five paise, or 0.04%, to Rs 134.15 per kg in a business turnover of four lots.
The metal for delivery in September fell by a similar margin to trade at Rs 134.85 per kg in four lot.
Analysts said besides low demand from battery-makers in the domestic spot market, a weak trend in the metal at the London Metal Exchange (LME), weighed on lead futures here.
At the Multi Commodity exchange, lead for delivery in August eased by five paise, or 0.04%, to Rs 134.15 per kg in a business turnover of four lots.
The metal for delivery in September fell by a similar margin to trade at Rs 134.85 per kg in four lot.
Analysts said besides low demand from battery-makers in the domestic spot market, a weak trend in the metal at the London Metal Exchange (LME), weighed on lead futures here.