Lead prices slipped 0.37 per cent to Rs 120.85 per kg in futures trade today due to sluggish demand from battery-makers in the spot market amid winding up positions ahead of expiry.
At the Multi Commodity Exchange, lead for delivery in August fell 45 paise, or 0.37 per cent, to Rs 120.85 per kg, in a business turnover of 243 lots.
On similar lines, the metal for delivery in current month also trading 40 paise, or 0.33 per cent lower, at Rs 119.85 per kg, in a business turnover of 389 lots.
According to analysts, low demand from battery-makers in the spot market, and offloading of positions ahead of expiry kept pressure on lead futures.
