Lead down 0.5% on global cues

Amid weak global trend and lower domestic demand, lead prices down by 0.56% to Rs 132.95 per kg in futures trade today as speculators reduced positions.

At the Multi Commodity Exchange, lead for delivery in January declined 75 paise, or 0.56%, to Rs 132.95 per kg in business turnover of 252 lots.

Similarly, the metal for delivery in February shed 70 paise, or 0.52%, to Rs 134.25 per kg in 18 lots.

Market analysts attributed the fall in lead futures to weak global trend and falling demand in spot markets.