Lead futures shed 0.69%, hurt by muted demand,overseas cues

Lead prices were down by 0.69 per cent to Rs 122.10 per kg amid bearish global trend and muted domestic demand in futures trading today as participants trimmed their exposure.

Lead for delivery this month declined by 85 paise or 0.69 per cent to Rs 122.10 per kg in a business turnover of 1,117 lots.

Similarly, the metal for delivery in March shed 75 paise, or 0.61 per cent to Rs 122.60 per kg in 23 lots.

Marketmen said the fall in lead futures was due to a weak trend overseas as industrial metals retreated amid concerns that excessive credit growth was increasing risks in China, the biggest consumer of raw materials.