NEW DELHI, Jan 31: Lead futures traded lower at Rs 131.10 per kg in futures market today after speculators offloaded positions amid a weak trend overseas and subdued demand at spot markets.
At the Multi Commodity Exchange, lead for delivery in January fell 15 paise, or 0.11 per cent, to Rs 131.10 per kg in a business turnover of 437 lots.
On similar lines, the metal for delivery in February shed just five paise, or 0.04 per cent, to Rs 132.65 per kg in 254 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) on worries that slowing economic growth in China, the world’s largest user, may weaken demand for the metal and low domestic demand, mainly led to the fall in lead futures prices. (AGENCIES)
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