Lead down 0.76% in futures trade

Lead prices fell by 0.76% to Rs 110.55 per kg in futures trade today amid sluggish demand in the spot market and a weak trend overseas.

At the Multi Commodity Exchange, August lead shed 85 paise, or 0.76%, to Rs 110.55 per kg, with a business turnover of 913 lots.

September delivery was trading lower by 80 paise, or 0.72%, at Rs 110.65 per kg in 94 lots.

Market analysts said sluggish demand from battery-makers and other consuming industries in the spot market and a weak trend in overseas markets were mainly responsible for the decline in lead futures prices.

Meanwhile, lead dropped by 1% to $2,377 per metric tonne on the London Metal Exchange.