Lead falls in futures trade on profit-booking

Lead prices fell 0.35% to Rs 129.50 per kg in futures trade today as speculators booked profits even as metal strengthened overseas.

 

At the Multi Commodity Exchange, lead for delivery in September traded lower by 45 paise, or 0.35%, to Rs 129.50 per kg, with a turnover of 116 lots.

 

Futures for delivery in October shed 25 paise, or 0.19%, to Rs 130.35 per kg in a business turnover of one lot.

 

Marketmen said profit-booking by speculators led to the fall in lead futures here but firmness in base metals at the London Metal Exchange after a report that China's central bank intensified stimulus measures to support growth, boosting demand prospects in the biggest consumer, capped the fall.