Lead futures marginally down on reduced offtake

Lead prices traded marginally lower by 0.81 per cent in futures trade today due to reduced offtake by car battery makers.

At the Multi Commodity Exchange platform, lead for January-month traded lower by 90 paise, or 0.81 per cent to Rs 110.60 per kg, with a business turnover of four lots.

Similarly, the metal for delivery in December-month weakened by 85 paise, or 0.78 per cent to Rs 108.75, with a business turnover of 23 lots.  

Analysts said reduced offtake by car battery makers helped lead futures prices to trade marginally lower.