NEW DELHI, Dec 26: Lead fell by 0.20 per cent to Rs 126.55 per kg in futures trade today as speculators reduced their positions amid subdued demand at spot markets.
Besides, absence of cues from the London Metal Exchange (LME) which is closed today for ‘Boxing Day’, also put pressure.
At the Multi Commodity exchange, lead for delivery in January shed 25 paise, or 0.20 per cent, to Rs 126.55 per kg in business turnover of 137 lots.
The metal for delivery in the December contract also fell by 20 paise, or 0.16 per cent to Rs 126.25 per kg in a business volume of 646 lots.
Market analysts attributed the decline in lead futures to a weak trend in spot markets due to sluggish demand and absence of any encouraging global cues. (PTI)
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