Lead down 0.6% on sluggish demand

Market analysts said sluggish demand from battery-makers in the domestic spot market kept pressure on lead prices in futures trade

Lead prices slide by 0.68% to Rs 131.70 per kg in futures trading today after participants reduced their positions, driven by sluggish demand from battery makers in the spot market.

At the Multi Commodity exchange, lead for delivery in October declined by 90 paise, or 0.68%, to Rs 131.70 per kg in business turnover of 1,400 lots.

Similarly, the metal for delivery in November shed 80 paise, or 0.60%, to Rs 132.90 per kg in 72 lots.

Market analysts said besides sluggish demand from battery-makers in the domestic spot market mainly kept pressure on lead prices in futures trade.