Lead declined marginally by 0.08% to Rs 122.50 per kg in futures market today as speculators reduced positions amid a weak trend overseas and a subdued spot demand.
At the Multi Commodity Exchange, lead for delivery in October declined by 15 paise, or 0.08%, to Rs 122.50 per kg, with a business turnover of 660 lots.
September lead traded lower by 10 paise, or 0.07%, to Rs 125.55 per kg, with a business turnover of 2,249 lots.
Marketmen said apart from profit-booking by speculators, a weak trend in global markets amid concerns that global stimulus measures may not boost growth as much as expected, curbed demand prospects, putting pressure on the lead prices at futures trade.
