Lead remains weak in futures trade

Lead prices fell by 0.45 per cent to Rs 110.30 per kg in futures trade on Wednesday amid weak cues from global markets.

At the Multi Commodity Exchange, lead for July delivery declined by 50 paise, or 0.45 per cent, to Rs 110.30 per kg, with a business turnover of 36 lots.

Similarly, the metal for delivery in June shed 40 paise, or 0.36 per cent, to Rs 109.40 per kg, with a trading volume of 469 lots.

At the London Metal Exchange, lead declined by 0.30 per cent to USD 2,453 per tonne.

Analysts said a weak trend in base metals on the London Metal Exchange on subdued demand concerns and slackness in demand in domestic spot markets led to the fall in lead futures prices here.