Lead futures decline on global cues

NEW DELHI: Lead prices fell 2.15 per cent on the Multi Commodity Exchange on Friday due to emergence of profit-taking at higher levels and weak trend at London Metal Exchange.

Both the running contracts - August and September - were trading lower at MCX counter.

The most-active August contract for lead was down 2.15 per cent at Rs 88.60 per kg with a business volume of 1,485 lots at 1345 hrs on MCX counter.

Far-month September contract was down by similar margin of 2.15 per cent at Rs 89 per kg with a business volume of 64 lots.

Traders said apart from profit-taking by speculators, weak trend at LME also attributed fall in the lead prices.
At LME, lead prices plunged 2.4 per cent at Rs 2,075 US dollar a tonne.