Lead weakens by 0.5% on overseas cues
Subdued demand from battery-makers in the domestic spot market also affected prices
 "Lead weakens by 0.5% on overseas cues")
Lead weakened by 0.49% to Rs 132.70 per kg in futures trade today largely in tandem with a weak trend overseas and subdued demand from battery-makers in the domestic spot market.
At the Multi Commodity exchange, lead for delivery in May fell 65 paise, or 0.49%, to Rs 132.70 per kg in business turnover of 169 lots.
Similarly, the metal for delivery in June contracts traded lower by 60 paise, or 0.45%, to Rs 133.70 per kg in six lots.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange, put pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in May fell 65 paise, or 0.49%, to Rs 132.70 per kg in business turnover of 169 lots.
Similarly, the metal for delivery in June contracts traded lower by 60 paise, or 0.45%, to Rs 133.70 per kg in six lots.
Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange, put pressure on lead prices at futures trade.