NEW DELHI: Amid weak trend overseas and subdued domestic demand, lead prices weakened by over one per cent in futures trade.
At the Multi Commodity Exchange , lead for delivery in August lost by Rs 1.20, or 1.03 per cent, to Rs 115.30 per kg, with a business turnover of one lot.
Likewise, the metal for delivery in June traded lower by a rupee, or 0.87 per cent, to Rs 114.253 per kg, with a trade turnover of 1,138 lots.
Meanwhile, lead declined by one per cent to USD 2,555 a tonne on the London Metal Exchange.
Analysts said a weak trend in base metals at the London Metal Exchange on stronger dollar and slackness in demand from battery makers and other consuming industries at domestic spot markets, kept pressure on the lead prices at futures trade here.
