 "Lead shed 0.4% on global cues")
Lead prices fell 0.39% to Rs 126.20 per kg in futures trade today as participants reduced their exposures amid a weak global trend.
Besides, subdued demand from battery makers in the domestic spot markets, weighed on prices.
At the Multi Commodity exchange, lead for delivery in December declined by 50 paise, or 0.39%, to Rs 126.20 per kg in a business turnover of eight lots.
Market analysts said besides sluggish demand from battery makers in the spot market, a weak trend in base metals at the London Metal Exchange (LME) as a stronger dollar lowered the attractiveness of commodities priced in the Greenback as an alternative investment, led to the fall in lead prices here.
Globally, lead for delivery in three months fell $8.75 to $2,036.25 a metric tonne at the LME.
Besides, subdued demand from battery makers in the domestic spot markets, weighed on prices.
At the Multi Commodity exchange, lead for delivery in December declined by 50 paise, or 0.39%, to Rs 126.20 per kg in a business turnover of eight lots.
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The metal for delivery in November fell by 45 paise, or 0.36%, to Rs 125.35 per kg in a turnover of 341 lots.
Market analysts said besides sluggish demand from battery makers in the spot market, a weak trend in base metals at the London Metal Exchange (LME) as a stronger dollar lowered the attractiveness of commodities priced in the Greenback as an alternative investment, led to the fall in lead prices here.
Globally, lead for delivery in three months fell $8.75 to $2,036.25 a metric tonne at the LME.
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