Lead down 0.3% on overseas cues, subdued demand

Metal for delivery in September traded lower by 0.29%

Lead softened by 0.32% to Rs 138.80 per kg in futures trade today amid a weak trend overseas and subdued demand from battery-makers in the domestic spot market.

At the Multi Commodity exchange, lead for delivery in August fell by 45 paise, or 0.32%, to Rs 138.80 per kg in a business turnover of 375 lots.

Similarly, the metal for delivery in September traded lower by 40 paise, or 0.29%, to Rs 139.25 per kg in 10 lots.

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.