Amid weak trend at the London Metal Exchange, lead futures fell by 0.3 per cent to Rs 116.85 per kg today.
Subdued demand from battery makers at the domestic spot market also kept some pressure on the lead futures prices.
At the Multi Commodity Exchange, lead for delivery in April fell by 30 paise or 0.3 per cent to Rs 116.85 per kg with a business turnover of nine lots. Likewise, May contract also shed 25 paise or 0.21 per cent to Rs 117.35 per kg with a business volume of three lots.
Market analysts said a weak trend in copper and other base metals at the London Metal Exchange along with a subdued domestic demand kept pressure on the lead futures prices here.
At the LME, lead fell by 0.6 per cent to $2,595.25 per tonne.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.