 "Lead sheds 0.38% on global trend, subdued demand")
Taking weak cues from the global market and sluggish domestic demand, lead fell by 0.38 per cent to Rs 129.65 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity exchange, lead for delivery in July down by 50 paise, or 0.38 per cent, to Rs 129.65 per kg in business turnover of 595 lots.
August lead fell by a similar margin to Rs 130.90 per kg in 7 lots.
Market analysts said apart from slackened demand from battery-makers in the domestic spot market, a weak trend in base metals overseas, attributed fall in lead futures prices here.
At the Multi Commodity exchange, lead for delivery in July down by 50 paise, or 0.38 per cent, to Rs 129.65 per kg in business turnover of 595 lots.
August lead fell by a similar margin to Rs 130.90 per kg in 7 lots.
Market analysts said apart from slackened demand from battery-makers in the domestic spot market, a weak trend in base metals overseas, attributed fall in lead futures prices here.
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