Lead futures drift lower on muted demand

Lead prices on Monday drifted lower by 0.03 per cent to Rs 151.05 per kg in futures trade as speculators cut bets on low demand.

On the Multi Commodity Exchange, lead for delivery in December fell by 5 paise, or 0.03 per cent, to Rs 151.05 per kg in 2 lots.

Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in physical market mainly exerted pressure on lead prices here.