Lead prices fell by over 1% in futures trade today amid a weak trend in the entire base metals pack on the London Metal Exchange (LME) and sluggish domestic spot market demand.
At the Multi Commodity Exchange, October lead fell by Rs 1.20, or 1.02%, to Rs 116.45 per kg, with a business turnover of 45 lots.
The September delivery fell by 85 paise to Rs 116 per kg, with a business turnover of 1,223 lots.
Marketmen said besides a weak trend in base metals on the LME, with speculators apprehending a decline in demand for the industrial metal ahead of the release of key US unemployment data later in the data that is expected to show the American economy is slowing down, lead futures prices were pulled down by a subdued trend in the domestic stock market.
Meanwhile, lead prices slid by 1% to $2,525 a tonne on the LME.
