Lead futures fall 0.24% on overseas trend, subdued demand

New Delhi: Lead weakened by 0.24 per cent to Rs 125.95 per kg in futures trading today as speculators trimmed positions amid a weak trend in global markets and subdued domestic demand.

Market analysts said besides a weak trend in base metals at the London Metal Exchange, subdued demand from battery makers in the domestic spot market put pressure on lead prices at futures trade.

At the Multi Commodity exchange, lead for delivery in December declined by 30 paise, or 0.24 per cent, to Rs 125.95 per kg in a business turnover of 199 lots.

PTI