 "Lead down by 0.2% on profit-booking")
Lead prices moved down by 0.24% to Rs 126.50 per kg in futures trade today as speculators booked profits amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in current moved down by 30 paise, or 0.24%, to Rs 126.50 per kg in business turnover of 144 lots.
On similar lines, the metal for delivery in October traded lower by 20 paise, or 0.16%, to Rs 127.60 per kg in 21 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas on concern that demand will slow in China, the biggest metals user, mainly put pressure on lead futures here.
At the Multi Commodity Exchange, lead for delivery in current moved down by 30 paise, or 0.24%, to Rs 126.50 per kg in business turnover of 144 lots.
On similar lines, the metal for delivery in October traded lower by 20 paise, or 0.16%, to Rs 127.60 per kg in 21 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas on concern that demand will slow in China, the biggest metals user, mainly put pressure on lead futures here.