 "Lead down by 0.9% as global trend weakens")
Lead fell 0.90% to Rs 109.55 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At the Multi Commodity Exchange, lead for delivery in January was trading Re 1, or 0.90%, down at Rs 109.55 per kg in a business turnover of 1,391 lots.
Also, metal for delivery in February shed 85 paise, or 0.77% to Rs 110.20 per kg in 32 lots.
Analysts said weakness in base metals at the London Metal Exchange on prospects for slower economic growth in China and sustained low oil prices, and muted from battery-makers in the domestic spot market kept pressure on metal prices.
At the Multi Commodity Exchange, lead for delivery in January was trading Re 1, or 0.90%, down at Rs 109.55 per kg in a business turnover of 1,391 lots.
Also, metal for delivery in February shed 85 paise, or 0.77% to Rs 110.20 per kg in 32 lots.
Analysts said weakness in base metals at the London Metal Exchange on prospects for slower economic growth in China and sustained low oil prices, and muted from battery-makers in the domestic spot market kept pressure on metal prices.
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