Base Metal Tips - Lead prices fell by 0.05 per cent on Friday at the domestic markets as a result of low demand for the commodity from battery-maker in the market in the midst of weak overseas trend. At the MCX, Lead futures, for the December 2015 contract, is trading at Rs 111.05 per kg, down by 0.05 per cent, after opening at Rs 111.05, against a previous close of Rs 111.10. It touched an intra-day down of Rs 110.65 till the trading.
However, losses were limited due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 175 metric tonnes to 127950 metric tonnes as on December 4, 2014.
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