Lead weakens by 0.5% on overseas cues

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

Lead weakened by 0.49% to Rs 132.70 per kg in futures trade today largely in tandem with a weak trend overseas and subdued demand from battery-makers in the domestic spot market.

At the Multi Commodity exchange, lead for delivery in May fell 65 paise, or 0.49%, to Rs 132.70 per kg in business turnover of 169 lots.

Similarly, the metal for delivery in June contracts traded lower by 60 paise, or 0.45%, to Rs 133.70 per kg in six 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, put pressure on lead prices at futures trade.