NEW DELHI, June 5: Taking weak cues from overseas market, lead fell 0.20 per cent to Rs 124 per kg in futures trade today after participants reduced their holdings.
Furthermore, subdued demand at domestic spot markets weighed.
At Multi Commodity exchange, lead for delivery in July shed 25 paise, or 0.20 per cent, to Rs 124 per kg in business turnover of six lots.
Similarly, metal for delivery in June contracts fell 20 paise, or 0.16 per cent, to Rs 123.25 per kg in a turnover of 177 lots.
Apart from subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange after IMF cut its growth forecast for the US, stoking concerns that global demand for industrial metals will weaken, led to the fall, analysts said. (PTI)
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