Lead futures fall 0.67% on muted demand

Lead prices were down 0.67 per cent to Rs 148.90 per kg in futures trading Tuesday as speculators cut down their positions, taking negative cues from domestic spot market on easing demand.

At the Multi Commodity Exchange, lead for delivery in September eased by Re 1, or 0.67 per cent to Rs 148.90 per kg in a business turnover of 1,073 lots.

Similarly, the metal for delivery in October shed 85 paise, or 0.56 per cent to Rs 149.70 per kg in 12 lots.

Analysts said offloading of positions by traders owing to slackened demand from battery-makers in the physical market weighed on lead prices in futures trade.