Lead down 1.1% on weak demand

Metal for delivery in December shed 1%

Lead prices fell by 1.19% to Rs 133.15 per kg in futures trade today as speculators reduced their positions, driven by a weak demand in the spot market.

At the Multi Commodity Exchange market, lead for delivery in November fell by Rs 1.60, or 1.19%, to Rs 133.15 per kg in business turnover of 3,930 lots.

Likewise, the metal for delivery in December shed Rs 1.45, or 1.07%, to Rs 134.40 per kg in 164 lots.

Analysts said speculators reduced their positions on the back of a weak demand in the spot market mainly kept pressure on lead prices in futures trade.