Lead traded lower by Re one, to Rs 87.55 per kg in futures trade today as speculators reduced their pending positions, triggered by a decline in base metal prices in global markets on euro zone debt concerns.
Weak demand at the physical markets from the consuming industries also kept pressure on the lead futures prices. At the Multi Commodity Exchange, lead for July contract shed Re one, or 1.18 per cent, to Rs 83.75 per kg with an open interest of 124 lots.
The metal for delivery in current-month, May contract also traded lower by Rs 0.95, or 1.15 per cent, at Rs 81.65 per kg having an open interest of 7,676 lots.
Analysts said a weak trend in lead and other base metals at the London Metal Exchange after the euro dipped to four-year low against the dollar and subdued demand for the metal at spot markets also weighed on the lead futures.
At the London Metal Exchange, lead fell $26, or 1.42 per cent, to $1,809 per tonne.
