Lead prices fell by 1.32% to Rs 104.75 per kg in the futures market today, tracking weakness in the entire base metals pack overseas and subdued subdued domestic demand.
At the Multi Commodity Exchange, February lead shed Rs 1.40, or 1.32%, to Rs 104.75 per kg, with an open interest for two lots.
The January delivery lost 85 paise, or 0.81%, to Rs 104.10 per kg, with a trading volume of 74 lots.
Market analysts said apart from a weakening trend in base metals in global markets, sparked by a Fitch Ratings warning that it may cut the credit ratings of more euro zone nations, subdued domestic demand mainly pulled down lead futures prices.
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