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Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.39% to Rs 126.90 per kg in futures trade as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in December fell 505 paise, or 0.39%, to Rs 126.90 per kg in business turnover of 338 lots.
The metal for delivery in January fell by a similar margin to trade at Rs 128.10 per kg in a turnover of 16 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand from battery-makers at domestic markets amid a weakening trend in the base metals pack at the London Metal Exchange as improvement in the US economy fuelled speculation the Federal Reserve may start trimming its stimulus programme.
