NEW DELHI, July 23: Lead weakened by 0.26 per cent to Rs 132.45 per kg in futures trading today as speculators trimmed positions amid a weak trend in global markets and subdued domestic demand.
Market analysts said besides a weak trend in base metals at the London Metal Exchange, subdued demand from battery-makers in the domestic spot market put pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in July declined by 35 paise, or 0.26 per cent, to Rs 132.45 per kg in a business turnover of 349 lots.
Similarly, the metal for delivery in August traded lower by the same margin to Rs 133.50 per kg in six lots. (PTI)
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