Lead futures down on subdued spot demand, global cues

NEW DELHI: Lead prices fell by 0.19 per cent to Rs 128.85 per kg in futures trade today as speculators reduced exposures on subdued spot demand and a weak trend in the global market.

At the Multi Commodity Exchange, lead for delivery in November fell by 25 paise, or 0.19 per cent, to Rs 128.85 per kg in business turnover of 15 lots.

The metal for delivery in October also fell10 paise, or 0.08 per cent, to Rs 127.80 per kg in a business volume of 282 lots.

Marketmen said a weak trend in the domestic markets due to subdued demand from battery makers and weakness in copper and other base metals overseas as deadlocked talks on the US debt limit and an unexpected decline in China's exports fueled concerns that demand may weaken from the world's two biggest users.