 "Lead declines by 0.2% on overseas cues")
Lead softened by 0.17% to Rs 119.80 per kg in futures trade today amid a weak trend overseas and subdued demand from battery-makers in the domestic spot market.
Lead for delivery in April fell by 20 paise, or 0.17%, to Rs 119.80 per kg in a business turnover of 215 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in May traded lower by 15 paise, or 0.12%, to Rs 120.50 per kg in just 1 lot.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange weighed on lead prices at futures trade.
Lead for delivery in April fell by 20 paise, or 0.17%, to Rs 119.80 per kg in a business turnover of 215 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in May traded lower by 15 paise, or 0.12%, to Rs 120.50 per kg in just 1 lot.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange weighed on lead prices at futures trade.
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