Lead futures melts 0.63% on global trend

Taking weak cues from global markets, lead futures prices today fell by 0.63 per cent to Rs 109.60 per kg.

Sluggish demand at domestic spot markets from battery makers also kept pressure on the lead futures prices here.

At the Multi Commodity Exchange counter, lead for January delivery fell by 70, or 0.63 per cent, to Rs 109.60 per kg, with a business turnover of 88 lots.

Similarly, the metal for delivery in December, shed 65 paise, or 0.55 per cent to Rs 108.60 per kg, with a trade volume of 1,435 lots, while prices for delivery in February was down by 35 paise, or 0.32 per cent to Rs 110.30 per kg in a turnover of three lots.   

Analysts said apart from a weak trend at the London Metal Exchange, fall in demand at spot markets here, also attributed fall in lead futures prices here.