 "Lead down by 0.5% on subdued demand")
Tracking a weak trend overseas and sluggish domestic demand, lead fell 0.49% to Rs 132.05 per kg in futures trade today after participants reduced their holdings.
At the Multi Commodity exchange, lead for delivery in September shed 65 paise, or 0.49%, to Rs 132.05 per kg in business turnover of 106 lots.
Similarly, metal for delivery in October month contracts fell 40 paise, or 0.30%, to Rs 133.05 per kg in a turnover of one lot.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in metal at the London Metal Exchange as the dollar climbed, curbing demand for commodities as an investment, weighed on lead futures prices here.
At the Multi Commodity exchange, lead for delivery in September shed 65 paise, or 0.49%, to Rs 132.05 per kg in business turnover of 106 lots.
Similarly, metal for delivery in October month contracts fell 40 paise, or 0.30%, to Rs 133.05 per kg in a turnover of one lot.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in metal at the London Metal Exchange as the dollar climbed, curbing demand for commodities as an investment, weighed on lead futures prices here.
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