Lead down by 0.2% on low spot demand

Profit-booking by speculators amid sluggish demand also affected prices

Amid sluggish domestic demand and profit-booking by speculators, lead prices softened 0.25% to Rs 119.10 per kg in futures trade today.

At Multi Commodity Exchange, lead for delivery in April month moved down by 30 paise, or 0.25% to Rs 119.10 per kg in business turnover of 492 lots.

Likewise, the metal for delivery in May contracts shed 25 paise, or 0.21% to Rs 119.75 per kg in 39 lots.

Analysts said besides sluggish demand from battery makers in the spot market, trimming of positions by traders to book profits at current levels, led to the fall in lead prices at futures trade.