Lead futures down on weak overseas cues, subdued spot demand

NEW DELHI, Aug 27:  Lead prices eased by 0.15 per cent to Rs 136.15 per kg in futures trade today after speculators reduced their exposures amid a weak trend in base metals at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in September fell 20 paise, or 0.15 per cent, to Rs 136.15 per kg in business turnover of 101 lots.
Likewise, the metal for delivery in August shed 10 paise, or 0.07 per cent, to Rs 135.60 per kg in 456 lots.
Marketmen said the fall in lead futures prices was attributed to a weak in copper and other base metals at the LME and subdued demand from battery-makers at domestic spot markets. (PTI)