Lead down on weak overseas cues, sluggish demand
Lead futures prices today fell by 0.80% to Rs 104.80 per kg as speculators reduced positions on a weak trend overseas amid subdued demand.
At the MCX, lead for delivery in June shed 85 paise, or 0.80%, to Rs 104.80 per kg, in a business turnover of 9,878 lots.
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The metal for delivery in the July also traded lower by 35 paise, or 0.61%, to Rs 105.95 per kg in 830 lots.
Globally, lead traded 1.3% lower at $1,857.50 per tonne at the London Metal Exchange (LME).
Market analysts said apart from subdued domestic demand from battery-makers, weakness in base metals at the LME led to a fall in lead futures prices here.