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Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.61% to Rs 122.95 per kg in futures trade as speculators trimmed positions.
At the Multi Commodity Exchange, lead for delivery in June fell 75 paise, or 0.61%, to Rs 122.95 per kg in business turnover of 2,579 lots.
Likewise, lead for delivery in July shed 65 paise, or 0.52%, to Rs 123.70 per kg in 239 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend in the entire base metals pack at the London Metal Exchange as China's trade and industrial production in May trailed estimates and on prospects that the Federal Reserve will scale back stimulus raised demand concerns.
