 "Lead falls by 0.4% on low demand")
Lead prices weakened by 0.38% to Rs 117.25 per kg in futures trading today as speculators trimmed positions on sluggish demand from battery makers at spot markets.
In addition, weakness in the base metals pack at the London Metal Exchange weighed on the prices.
At the Multi Commodity Exchange, lead for delivery this month eased by 45 paise or 0.38% to Rs 117.25 per kg in a business turnover of 386 lots.
Market analysts said apart from subdued demand from battery makers at the spot market, weakness in base metals at the LME led to the fall in lead prices in futures trade here.
In addition, weakness in the base metals pack at the London Metal Exchange weighed on the prices.
At the Multi Commodity Exchange, lead for delivery this month eased by 45 paise or 0.38% to Rs 117.25 per kg in a business turnover of 386 lots.
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Similarly, the metal for delivery in January traded lower by 40 paise or 0.34% to Rs 117.25 per kg in 75 lots.
Market analysts said apart from subdued demand from battery makers at the spot market, weakness in base metals at the LME led to the fall in lead prices in futures trade here.