 "Lead prices down by 0.2% on global cues")
Lead prices were down by 0.22% to Rs 114.75 per kg in futures trading today as participants cut down their bets largely in tune with a weak trend in base metals at the London Metal Exchange amid subdued demand from battery-makers in the domestic spot market.
In futures trading at the Multi Commodity Exchange, lead for delivery in current month declined by 25 paise, or 0.22%, to Rs 114.75 per kg in a business turnover of 599 lots.
The metal for delivery in January 2016 contract was trading flat at Rs 114.85
Analysts said slump in base metals at the London Metal Exchange and subdued demand from battery-makers and other consuming industries in the spot market mainly kept pressure on lead prices at futures trade.
In futures trading at the Multi Commodity Exchange, lead for delivery in current month declined by 25 paise, or 0.22%, to Rs 114.75 per kg in a business turnover of 599 lots.
The metal for delivery in January 2016 contract was trading flat at Rs 114.85
Analysts said slump in base metals at the London Metal Exchange and subdued demand from battery-makers and other consuming industries in the spot market mainly kept pressure on lead prices at futures trade.
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