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.

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.