Lead futures slide on subdued demand

Lead prices on Friday drifted lower by 0.13 per cent to Rs 152.95 per kg in futures market as speculators cut bets on low demand.

On the Multi Commodity Exchange, lead for delivery in December fell by 20 paise, or 0.13 per cent, to Rs 152.95 per kg in 432 lots.

Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in physical market mainly influenced lead prices in futures trade.