Muted demand drags down lead futures by 0.46 pc

Lead prices softened by 0.46 per cent in futures trading today as traders trimmed positions amid subdued demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in December shed 75 paise, or 0.46 per cent, to Rs 162.20 per kg, in a business turnover of 125 lots.

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