Amid a weak trend overseas and subdued demand in the domestic spot market, lead prices declined by Rs 1.20 to Rs 114.55 per kg in futures trade today on reduced offtake by speculators.
At the Multi Commodity Exchange, August lead declined by Rs 1.20, or 1.04%, to Rs 114.55 per kg, with a business turnover of 2,101 lots.
The September contract shed Rs 1.15, or 0.99%, to Rs 114.75 per kg in 1,140 lots.
Market analysts said besides a weak trend in overseas markets, subdued demand from battery-makers in the domestic spot market led to the fall in lead futures prices.
Meanwhile, lead was down by 0.4% at $2,476 per metric tonne on the London Metal Exchange.
