Lead futures shed 0.61 pc on muted demand

Lead prices were down 0.61 per cent to Rs 162.35 per kg amid muted domestic demand in futures trading today as participants trimmed exposure.

Lead for December declined by Re 1, or 0.61 per cent to Rs 162.75 per kg in a business turnover of 6 lots.

Similarly, the metal for delivery in November shed 90 paise, or 0.55 per cent to Rs 162.35 per kg in 954 lots.

Marketmen said the fall in lead futures was triggered by a weak trend at the domestic spot markets due to sluggish demand from consuming industries, particularly battery-makers.