Lead down 0.33% on global cues, subdued demand
Amid weak trend at the London Metal Exchange, lead futures fell by 0.33% to Rs 104.95 per kg today.
Subdued demand from battery-makers at the domestic spot markets also kept some pressure on the lead futures prices here.
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At the Multi Commodity Exchange, lead for delivery in August fell 35 paise, or 0.33%, to Rs 104.95 per kg, with a business turnover of 46 lots.
The July contract shed 25 paise, or 0.24%, to Rs 103.80 per kg, with business volume of 1,263 lots.
Analysts said a weak trend in copper and other base metals at the London Metal Exchange (LME) as uncertainty that the US Federal Reserve would introduce new stimulus measures, led to a fall in lead futures here.
Besides, subdued demand at domestic spot markets also put pressure on the metal prices, they said.
At the LME, lead down as much as 0.27% to $1,863 per tonne.