Lead futures down on subdued spot demand

NEW DELHI, Jan 10: Lead prices eased by 0.34 per cent to Rs 130.60 per kg in futures trade today as speculators reduced exposures amid subdued spot demand.
However, the metal’s gain at the London Metal Exchange limited the fall.
At the Multi Commodity Exchange, lead for delivery in February fell by 45 paise, or 0.34 per cent, to Rs 130.60 per kg in a business turnover of 90 lots.
The metal for delivery in January also fell by 35 paise, or 0.27 per cent, to Rs 129.45 per kg with a business volume of 993 lots.
Marketmen said a weak trend in the domestic spot markets due to subdued demand mainly put pressure on lead futures here but a firming trend in metal at the London Metal Exchange (LME), restricted the fall. (AGENCIES)