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Lead prices eased by 0.39% to Rs 128.10 per kg in futures trade today as speculators reduced their exposures amid a weak trend overseas and subdued spot demand.
At the Multi Commodity Exchange, lead for delivery in September fell 50 paise, or 0.39%, to Rs 128.10 per kg in business turnover of 65 lots.
On similar lines, lead for delivery in August shed 40 paise, or 0.31%, to Rs 127.75 per kg in 1,254 lots.
Marketmen said besides subdued spot demand, a weak trend in base metals at the London Metal Exchange amid concerns that global supply will exceed demand and economic growth slows in China, mainly attributed fall in lead futures prices.
