Lead down by 0.3% on lower spot demand

Lead prices eased by 0.30% to Rs 115.05 per kg in futures trade today as speculators trimmed positions on weakness in base metals overseas and subdued domestic spot demand.

At the Multi Commodity Exchange, lead for delivery in current month fell by 35 paise, or 0.30%, to Rs 115.05 per kg in a business turnover of 216 lots.

Marketmen said the fall in lead futures was due to a subdued demand in domestic markets and a weakening trend in base metals pack at the London Metal Exchange.