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Lead prices moved down by 0.39% to Rs 126.20 per kg in futures trade today as speculators booked profits amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in July moved down by 50 paise, or 0.39%, to Rs 126.20 per kg in business turnover of six lots.
Similarly, the metal for delivery in June traded lower by 45 paise, or 0.36%, to Rs 125.10 per kg in 231 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas as a private gauge of China's manufacturing missed estimates, curbing demand prospects from the world's biggest user of the metals.
