 "Lead down 0.5% on global cues, subdued demand")
Lead prices eased by 0.51% to Rs 128 per kg in futures trade today after speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets.
At the Multi Commodity Exchange, lead for delivery in April fell 65 paise, or 0.51%, to Rs 128 per kg in business turnover of 24 lots.
On similar lines, the metal for delivery in March shed 60 paise, or 0.47%, to Rs 126.80 per kg in 516 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) on speculation that global demand will slow as US Federal Reserve policy makers signaled a rise in interest rates by next year and low demand from domestic battery-makers, mainly attributed fall in lead futures pries.
At the Multi Commodity Exchange, lead for delivery in April fell 65 paise, or 0.51%, to Rs 128 per kg in business turnover of 24 lots.
On similar lines, the metal for delivery in March shed 60 paise, or 0.47%, to Rs 126.80 per kg in 516 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) on speculation that global demand will slow as US Federal Reserve policy makers signaled a rise in interest rates by next year and low demand from domestic battery-makers, mainly attributed fall in lead futures pries.
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