 "Lead down by 0.4% on global trend")
Tracking a weak trend overseas and sluggish domestic demand, lead fell 0.44% to Rs 111.90 per kg in futures trade today after participants reduced their bets.
At the Multi Commodity Exchange, lead for delivery in November shed 50 paise, or 0.44%, to Rs 111.90 per kg, in a business turnover of 249 lots.
Similarly, metal for delivery in October fell 40 paise, or 0.36%, to Rs 110.85 per kg, in a turnover of 248 lots.
Analysts said, besides subdued demand from battery-makers at the domestic spot market, a weak trend in base metals at the London Metal Exchange after the US Federal Reserve hinted at a rate hike in December, boosted the dollar and reduced appeal of commodities, put pressure on lead futures prices here.
At the Multi Commodity Exchange, lead for delivery in November shed 50 paise, or 0.44%, to Rs 111.90 per kg, in a business turnover of 249 lots.
Similarly, metal for delivery in October fell 40 paise, or 0.36%, to Rs 110.85 per kg, in a turnover of 248 lots.
Analysts said, besides subdued demand from battery-makers at the domestic spot market, a weak trend in base metals at the London Metal Exchange after the US Federal Reserve hinted at a rate hike in December, boosted the dollar and reduced appeal of commodities, put pressure on lead futures prices here.
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