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Taking weak cues from the global markets and subdued domestic demand, lead prices softened by 0.40% to Rs 138.55 per kg in futures trade today as participants reduced positions.
At the Multi Commodity exchange, lead for delivery in February softened by 55 paise, or 0.40% to Rs 138.55 per kg in business turnover of 28 lots.
Likewise, the metal for delivery in January shed 35 paise, or 0.25% to Rs 137.65 per kg in 794 lots.
The fall in lead futures prices was mostly attributed to weak demand in domestic spot markets from battery-makers and a subdued trend in the base metals pack at the London Metal Exchange on demand concern after Chinese economic indicators weakened, analysts said.
