Lead futures down 0.30% on global cues

Amid weak trend at the London Metal Exchange, lead futures fell by 0.30% to Rs 116.85 per kg today. 

Subdued demand from battery-makers at the domestic spot markets also kept some pressure on the lead futures prices.

At the Multi Commodity Exchange, lead for delivery in April fell by 30 paise, or 0.30% to Rs 116.85 per kg, with a business turnover of nine lots.

The metal for delivery in May also shed 25 paise, or 0.21% to Rs 117.35 per kg, with business volume of three lots.   

Market analysts said a weak trend in copper and other base metals at the London Metal Exchange along with a subdued domestic demand, kept pressure on the lead futures prices here. 

 

At the LME, lead fell by 0.6% to $2,595.25 per tonne.