Lead prices fell by 0.19% to Rs 104.95 per kg in futures trade today as speculators reduced their positions amid subdued demand in the spot market and a weakening trend on the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in December declined by 20 paise, or 0.19%, to Rs 104.95 per kg in 113 lots.
Similarly, the metal for delivery in November lost 15 paise, or 0.14%, to Rs 103.85 per kg, clocking a trading volume of 161 lots.
Meanwhile, lead fell by 0.5% to $2,020 per tonne in early trade on the LME today.
Market analysts said apart from subdued demand in the spot market, a weakening trend on the LME led to the fall in lead prices in futures trade here.
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