Lead down on subdued demand, global cues

Benchmark MCX contract down almost 1% on weak fundamentals

Lead prices traded lower by 0.72% to Rs 103.05 per kg in futures trade today on subdued domestic demand amid a weak trend in overseas markets.

At the MCX, lead for delivery in June shed 75 paise, or 0.72%, to Rs 103.05 per kg, with a business turnover of 3,621 lots.

The July contract traded lower by 70 paise, or 0.67%, to Rs 104.50 per kg in 492 lots.

Marketmen said subdued domestic demand and weak trend in global markets mainly led to a decline in lead prices at futures market.

Meanwhile, lead slipped 0.8% to $1,813 a tonne on the London Metal Exchange.