Lead futures traded Rs 0.90, or 0.93 per cent, to Rs 96.35 per kg today after speculators reduced their positions on subdued spot demand amid weak trend overseas.
At the Multi Commodity Exchange counter, lead for delivery in August contract shed Rs 0.90, or 0.93 per cent, to Rs 96.35 per kg, with a turnover of 13 lots.
The metal for delivery in September fell by Rs 0.85, or 0.86 per cent, to Rs 97.45 per kg in a turnover of two lots.
At the London Metal Exchange platform, lead dropped by one per cent to $2,084 per tonne.
Marketmen said slack demand from battery makers and other consumers at the physical markets and subdued trend in base metals overseas on weaker-than-forecast economic data from the US dimmed recovery prospects in the world’s second-largest user of the metal, put pressure on the lead futures here.
