Weak trend at the London Metal Exchange (LME) and subdued domestic demand led to a decline of 0.22 per cent in lead futures today to Rs 115.90 a kg.

At the Multi Commodity Exchange, lead for March delivery fell by 25 paise, or 0.22 per cent, to Rs 115.90 a kg, with a business turnover of two lots.

Similarly, the metal for delivery in February shed 20 paise or 0.17 per cent to Rs 115.95 per kg, with a business turnover of seven lots.

Market analysts said weakness in copper and other base metals in the overseas markets and fall in demand from battery makers, weighed on futures prices here.

Meanwhile, lead prices fell by 1.2 per cent to $ 2,550 a tonne at the LME.

comment COMMENT NOW