Lead prices drifted lower by 0.54 per cent to Rs 165.40 per kg in futures trade today as speculators cut their bets, taking negative cues from the spot market on subdued demand.
At the Multi Commodity Exchange, lead for delivery in June month was trading lower by 90 paise, or 0.54 per cent to Rs 165.40 per kg in business turnover of 216 lots.
Analysts said cutting down of positions by traders owing to tepid demand from battery-makers in the physical market weighed on lead prices in futures trade.
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