Lead down 0.3% on global trend, subdued demand

Lead prices for delivery in September fell by 0.27%

Tracking weakness in other base metals, lead fell by 0.35% to Rs 129.55 per kg in futures trade today as speculators trimmed positions.

At the Multi Commodity exchange, lead for delivery in October down by 45 paise, or 0.35%, to Rs 129.55 per kg in business turnover of 66 lots.

Metal prices for delivery in September fell by 35 paise, or 0.27%, to trade at Rs 128.35 per kg in 784 lots.

Market analysts said apart from slackened demand from battery-makers in the domestic spot market, a weak trend in base metals overseas on mixed US economic data, attributed fall in lead futures prices here.