NEW DELHI, Aug 11: Lead fell 0.31 per cent to Rs 113 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in September month contract was trading 35 paise, or 0.31 per cent, down at Rs 113 per kg in a business turnover of six lots.
Also, metal for delivery this month shed 30 paise, or 0.27 per cent to Rs 111.95 per kg in 312 lots.
Analysts said weakness in base metals at the London Metal Exchange after China devalued its exchange rate in a move that helps exports and makes imports more expensive for the world’s biggest producer and consumer of metals weighed on lead futures here.
Furthermore, muted demand from battery-makers in the domestic spot market kept pressure on metal prices, they said. (PTI)
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