 "Lead down by 0.3% on overseas cues")
Lead prices eased by 0.29% to Rs 139.95 per kg in futures trade today after speculators reduced their exposures amid a weak trend at the London Metal Exchange.
Besides, ending settlement and low demand at domestic spot markets also put pressure on metal prices in futures trade.
At the Multi Commodity Exchange, lead for delivery in December fell 40 paise, or 0.29%, to Rs 139.95 per kg in business turnover of 94 lots.
Marketmen said the fall in lead futures prices was attributed to a weak trend in base metals at the London Metal Exchange subdued demand at domestic spot markets.
They said ending monthly settlement too put pressure on the prices.
Besides, ending settlement and low demand at domestic spot markets also put pressure on metal prices in futures trade.
At the Multi Commodity Exchange, lead for delivery in December fell 40 paise, or 0.29%, to Rs 139.95 per kg in business turnover of 94 lots.
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Likewise, the metal for delivery in January next year contracts shed 35 paise, or 0.25%, to Rs 141.30 per kg in 11 lots.
Marketmen said the fall in lead futures prices was attributed to a weak trend in base metals at the London Metal Exchange subdued demand at domestic spot markets.
They said ending monthly settlement too put pressure on the prices.
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