Lead futures weaken on profit-booking

NEW DELHI, Dec 24: Lead declined by 0.36 per cent to Rs 125.75 per kg in futures market today as speculators reduced positions at prevailing levels even as metals strengthened overseas.
At the Multi Commodity Exchange, lead for delivery in December declined by 45 paise, or 0.36 per cent, to Rs 125.75 per kg, with a business turnover of 989 lots.
Likewise, the metal for delivery in January traded lower by 40 paise, or 0.32 per cent, to Rs 125.95 per kg, with a business turnover of 191 lots.
Marketmen said profit-booking by speculators mainly led to a fall in lead prices at futures trade but strength in copper and other metals at the London Metal Exchange after US data showed demand from the second-largest user may improve, limited the fall. (PTI)

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