Lead prices weakened by 0.31% to Rs 112.05 per kg in futures trade today as speculators reduced their positions, driven by a subdued demand from battery-makers in the spot market.
Weak trend in global markets also influenced the lead futures prices.
A the Multi Commodity Exchange, lead for delivery in February traded lower by 35 paise, or 0.31%, to Rs 112.05 per kg, with a business volume of two lots.
Similarly, the metal for delivery in March shed 25 paise, or 0.22%, to Rs 112.75 per kg, with a trade volume of a single lot.
Market analysts said sluggish demand from battery-makers in the spot market amid weakening global trend mainly led to the fall in lead futures prices.
Meanwhile, lead was down 0.2% at $2,080 a tonne on the London Metal Exchange.
