Lead futures prices fell by 0.98% to Rs 105.75 per kg today, as speculators reduced their positions amid a weakening trend in base metals on the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in January declined by Rs 1.05, or 0.98%, to Rs 105.75 per kg, with a trade volume of 14 lots.
Similarly, the metal for delivery in November lost 45 paise, or 0.43%, to Rs 104 per kg, with a business turnover of 860 lots.
Meanwhile, lead lost 0.2% to $2,021 per tonne on the LME in early trade today.
Market analysts said a subdued trend in the domestic spot market due to sluggish demand from battery makers and a weakening trend in base metals at the LME on renewed concerns after Moody's said it is considering lowering debt ratings for banks in 15 European nations, mainly put pressure on metal prices in futures trade here.
