Lead prices declined by Rs 1.95 to Rs 114.95 per kg in futures trading on Tuesday as speculators reduced their positions on the back of a weakening global trend.
At the Multi Commodity Exchange, lead for delivery in March declined by Rs 1.95, or 1.67 per cent, to Rs 114.95 per kg, with a business turnover of seven lots.
Similarly, the metal for delivery in April lost Rs 1.85, or 1.58 per cent, to Rs 115.50 per kg, clocking a business volume of five lots.
Market analysts said a weak trend in the entire base metals overseas amid reduced offtake by battery makers, mainly pulled down lead prices at futures trade.
At the London Metal Exchange, lead declined 1.2 per cent to USD 2,556 a metric tonne.
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