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Lead prices fell by 0.83% to Rs 137.60 per kg in futures trade today as speculators reduced exposure on subdued spot demand amid a weak trend in the entire base metals overseas.
At the Multi Commodity Exchange, lead for delivery in October fell by Rs 1.15, or 0.83%, to Rs 137.60 per kg in business turnover of 35 lots.
The metal for delivery in September also fell by a similar margin to Rs 136.80 per kg in a turnover of 730 lots.
Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas on renewed concerns tapering of stimulus in the US curbs demand of industrial metals.
