Lead declines by 0.2% on overseas cues

Subdued demand from battery-makers in the domestic spot market also affected prices

Lead softened by 0.17% to Rs 119.80 per kg in futures trade today amid a weak trend overseas and subdued demand from battery-makers in the domestic spot market.

Lead for delivery in April fell by 20 paise, or 0.17%, to Rs 119.80 per kg in a business turnover of 215 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in May traded lower by 15 paise, or 0.12%, to Rs 120.50 per kg in just 1 lot.

Marketmen said besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange weighed on lead prices at futures trade.