Lead down on global trend, subdued domestic demand

NEW DELHI, June 4:  Lead prices fell 0.20 per cent to Rs 126.15 per kg today after participants reduced exposures, tracking a weak trend overseas and subdued domestic demand.
At the Multi Commodity exchange, lead for delivery in June shed 25 paise, or 0.20 per cent, to Rs 126.15 per kg in a business turnover of 118 lots.
Metal prices for delivery in July also fell by 20 paise, or 0.16 per cent, to trade at Rs 127.10 per kg in 2 lots.
Analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals on signs of slowing Chinese demand, led to the fall in lead futures here. (PTI)