Lead futures shed 0.85 pc on muted demand

Lead prices were down 0.85 per cent to Rs 145.30 per kg in futures trading today amid a bearish trend at the domestic spot markets as participants trimmed their exposure.

Lead for delivery in May declined by Rs 1.25 or 0.85 per cent to Rs 145.30 per kg in a business turnover of 639 lots.

Similarly, the metal for delivery in June shed 25 paise or 0.17 per cent to Rs 145.40 per kg in one lot.

Marketmen said the fall in lead futures was due to a weak trend at the domestic physical markets on low demand, particularly form battery-makers.
 

They said absence of cues overseas cues as London Metal Exchange (LME) remained shut yesterday for a public holiday, too weighed on prices.