Lead marginally down on subdued demand

August contract sheds 0.19%

Tracking a weak trend in spot markets on subdued demand, lead prices moved down by 0.19% to Rs 105 per kg in futures trade today as speculators reduced their positions.

At the Multi Commodity Exchange, lead for delivery in August shed 20 paise, or 0.19%, to Rs 105 per kg, with a business turnover of 234 lots.

The September contract weakened by 15 paise, or 0.14%, to Rs 106.10 per kg, with a business turnover of 23 lots.

Marketmen said subdued domestic demand and a weak trend in base metals overseas put pressure on lead prices at futures trade.