Lead falls by 0.1% on sluggish demand

A weak global trend also affected prices

Lead prices fell 0.13% to Rs 114.10 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.

At the Multi Commodity exchange, lead for delivery this month eased by 15 paise, or 0.13%, to Rs 114.10 per kg in a business turnover of 478 lots.

Metal for delivery in February shed five paise, or 0.04%, to Rs 114.90 per kg in three lots.

Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in base metals overseas, continued speculation that China's economic slowdown and financial market volatility will roil metals markets, mainly kept pressure on lead prices at the futures trade.