Lead futures slide 0.39% on low spot demand, profit-booking

Amid sluggish domestic demand and profit-booking by speculators, lead prices softened 0.39 per cent to Rs 154.65 per kg in futures trade today.

At the Multi Commodity Exchange, lead for delivery in March moved down by 60 paise, or 0.39 per cent, to Rs 154.65 per kg in business turnover of 15 lots.

Likewise, the metal for delivery in February contracts shed 45 paise, or 0.29 per cent, to Rs 154.35 per kg in 389 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.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)