Lead down 0.8% on subdued spot demand, global cues

Lead for delivery in October also traded lower by 0.75%

Lead prices fell by 0.8% to Rs 130.25 per kg in futures trade today as speculators reduced positions on subdued spot demand amid a weak trend in the entire base metals at overseas markets.

At the Multi Commodity Exchange, lead for delivery in September fell by Rs 1.05, or 0.80%, to Rs 130.25 per kg in business turnover of 196 lots.

The metal for delivery in October also traded lower by Re one, or 0.75%, to Rs 131.80 per kg in a turnover of 105 lots.

Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas as a budget impasse in the United States threatens to shut down parts of the economy, weighed on lead futures prices here.