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Lead prices eased by 0.34% to Rs 116 per kg in futures trade today as speculators indulged in reducing exposures at prevailing levels, tracking weakness in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in April fell by 40 paise, or 0.34%, to Rs 116 per kg in a business turnover of one lot.
The metal for delivery in March also fell by 30 paise, or 0.26%, to Rs 115.40 per kg in a turnover of 191 lots.
Marketmen said the fall in lead futures was mostly due to reducing of positions by speculators amid a weak trend in the base metals pack at the London Metal Exchange and subdued demand from battery-makers at domestic spot markets.
