Lead down 0.1% on subdued spot demand

Metal for delivery in January shed 0.07%

Lead prices weakened by 0.15% to Rs 134.15 per kg in futures trading today as speculators reduced their positions on subdued spot market demand.

At the Multi Commodity Exchange, lead for delivery in December traded lower by 20 paise, or 0.15%, to Rs 134.15 per kg in business turnover of 501 lots.

Likewise, the metal for delivery in January shed 10 paise, or 0.07% to Rs 135.55 per kg in 90 lots.

Market analysts said speculators reduced their positions due to subdued demand from battery makers in the spot market mainly led to decline in lead prices at futures trade.