 "Lead down 0.3% on subdued spot demand, overseas trend")
Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.39% to Rs 126.90 per kg in futures trade as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in December fell 505 paise, or 0.39%, to Rs 126.90 per kg in business turnover of 338 lots.
The metal for delivery in January fell by a similar margin to trade at Rs 128.10 per kg in a turnover of 16 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand from battery-makers at domestic markets amid a weakening trend in the base metals pack at the London Metal Exchange as improvement in the US economy fuelled speculation the Federal Reserve may start trimming its stimulus programme.
At the Multi Commodity Exchange, lead for delivery in December fell 505 paise, or 0.39%, to Rs 126.90 per kg in business turnover of 338 lots.
The metal for delivery in January fell by a similar margin to trade at Rs 128.10 per kg in a turnover of 16 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand from battery-makers at domestic markets amid a weakening trend in the base metals pack at the London Metal Exchange as improvement in the US economy fuelled speculation the Federal Reserve may start trimming its stimulus programme.
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