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Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.61% to Rs 130.15 per kg in futures trade as speculators reduced positions.
At the Multi Commodity Exchange, lead for delivery in November fell 80 paise, or 0.61%, to Rs 130.15 per kg in business turnover of 503 lots.
Likewise, the metal for delivery in December shed 85 paise, or 0.64%, to Rs 131.45 per kg in 23 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend at the London Metal Exchange on concern that the Federal Reserve may start reducing stimulus in coming months amid improving US economic data, reducing the demand outlook for the metals.
