Lead down 0.3% on global cues

Prices dropped as speculators offloaded positions amid weak global trend

Lead futures for March traded marginally down by 40 paise, or 0.31% to Rs 129.85 per kg in 370 lots.

At the Multi Commodity Exchange (MCX), the February contract shed 35 paise, or 0.27% to Rs 127.45 per kg in 3,814 lots.

Prices dropped as speculators offloaded positions in tandem with a weak global trend.

On the London Metal Exchange (LME), lead declined 0.2% to $2,417 a metric tonne.