Muted demand drags down lead futures by 0.46%

Lead prices softened by 0.46 percent to Rs 151.50 per kg in futures trade Tuesday as speculators cut down their positions, taking negative cues from domestic spot market on low demand.

At the Multi Commodity Exchange, lead for delivery in October traded lower by 70 paise, or 0.46 percent, to Rs 151.50 per kg in business turnover of 21 lots.

Likewise, the metal for delivery in September shed 45 paise, or 0.30 percent, to Rs 150.95 per kg in 1,822 lots.

Analysts said trimming of positions by traders due to softened demand from battery-makers in the physical market weighed on lead prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)