Lead futures fall 0.54% on profit-booking

Lead fell by 0.54 per cent, to Rs 101.90 per kg in futures trading today after speculators locked in gains at prevailing prices amid weak trend overseas.

Subdued demand in domestic markets also kept pressure on the lead futures.

At the Multi Commodity Exchange counter, lead for delivery in current-month October weakened by 55 paise, or 0.54 per cent, to Rs 101.90 per kg, clocked a turnover of five lots.

The metal for delivery in November contract also traded 50 paise, or 0.48 per cent down, to Rs 102.95 per kg, with a business turnover of one lot.

Market analysts attributed the fall in lead futures to profit-booking by speculators and weakness in copper and other base metals overseas, as strong dollar weighed on the commodities.