Lead futures remain weak on sluggish demand

Lead futures prices declined further by 0.17% to Rs 114.50 per kg today due to sluggish demand from battery makers in the spot market. 

At the Multi Commodity Exchange, lead for September delivery shed 20 paise, or 0.17%, to Rs 114.50 per kg, with a business turnover of 60 lots.

Similarly, the metal for August delivery traded lower by 10 paise, or 0.09%, to Rs 113.90 per kg, with a trade volume of 1,031 lots.

Analysts said sluggish demand from battery makers in the spot market mainly led to decline in lead futures prices.