Lead down by 0.1% on weak overseas cues

Lead prices eased by 0.15% to Rs 136.15 per kg in futures trade today after speculators reduced their exposures amid a weak trend in base metals at the London Metal Exchange (LME).

At the Multi Commodity Exchange, lead for delivery in September fell 20 paise, or 0.15%, to Rs 136.15 per kg in business turnover of 101 lots.

Likewise, the metal for delivery in August shed 10 paise, or 0.07%, to Rs 135.60 per kg in 456 lots.

Marketmen said the fall in lead futures prices was attributed to a weak in copper and other base metals at the LME and subdued demand from battery-makers at domestic spot markets.