Lead falls by 0.1% on weak spot demand

Lead prices traded lower by 0.13% to Rs 111.20 per kg in futures trade today as participants reduced positions, driven by easing demand at spot market.

At the Multi Commodity Exchange, lead for delivery in November fell 15 paise, or 0.13% to Rs 111.20 per kg in business turnover of 221 lots.

Metal for delivery in December also fell by a similar margin to trade at Rs 112.30 per kg in one lots.

Market analysts said offloading of positions by speculators owing to sluggish demand from battery-makers in spot markets mainly influenced prices at futures trade but metal's gain at the London Metal Exchange, capped the losses.