 "Lead down 0.2% on subdued spot demand, global cues")
Taking cues from global markets and subdued demand from domestic consuming industries, lead prices eased by 0.28% to Rs 126.55 per kg in futures trade today as speculators indulged in reducing exposures.
At the Multi Commodity Exchange, lead for delivery in April fell 35 paise, or 0.28%, to Rs 126.55 per kg in business turnover of 25 lots.
On similar lines, the metal for delivery in March shed 25 paise, or 0.20%, to Rs 125.35 per kg in 292 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) after the US Federal Reserve signalled it would raise interest rates, hurting the demand outlook for the metals and subdued demand from battery-makers, mainly attributed fall in lead futures prices.
At the Multi Commodity Exchange, lead for delivery in April fell 35 paise, or 0.28%, to Rs 126.55 per kg in business turnover of 25 lots.
On similar lines, the metal for delivery in March shed 25 paise, or 0.20%, to Rs 125.35 per kg in 292 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) after the US Federal Reserve signalled it would raise interest rates, hurting the demand outlook for the metals and subdued demand from battery-makers, mainly attributed fall in lead futures prices.
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