 "Lead down 0.1% on subdued demand, overseas cues")
Lead prices slipped by 0.09% to Rs 128.65 per kg in futures trading today as speculators reduced positions due to sluggish demand from battery-makers in the spot market amidst a weak global trend.
At the Multi Commodity exchange, lead for delivery in October fell by 10 paise, or 0.09%, to Rs 128.65 per kg in a business turnover of 200 lots.
The metal for delivery in November slipped marginally by 5 paise, or 0.04%, to Rs 129.55 per kg in just one lot.
Market analysts said besides the sluggish demand from battery-makers in the spot market, a weak trend in base metals at the London Metal Exchange on demand concerns after the IMF trimmed its global growth forecast, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in October fell by 10 paise, or 0.09%, to Rs 128.65 per kg in a business turnover of 200 lots.
The metal for delivery in November slipped marginally by 5 paise, or 0.04%, to Rs 129.55 per kg in just one lot.
Market analysts said besides the sluggish demand from battery-makers in the spot market, a weak trend in base metals at the London Metal Exchange on demand concerns after the IMF trimmed its global growth forecast, mainly kept pressure on lead prices at futures trade.