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Tracking a weak trend in base metals overseas and sluggish domestic demand, lead fell 0.61% to Rs 122.30 per kg in futures trade today after participants reduced their holdings.
At the Multi Commodity Exchange, lead for delivery in November shed 75 paise, or 0.61%, to Rs 122.30 per kg in business turnover of 305 lots.
Similarly, the metal for delivery in December fell by 75 paise, or 0.60%, to Rs 123.35 per kg in a turnover of five lots.
Market analysts said besides subdued demand from battery-makers and other consuming industries in the domestic spot market, a weak trend overseas after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals, weighed on lead futures prices here.
