Lead futures shed 0.54 per cent on low demand

Amid muted domestic demand, lead prices were down by 0.54 per cent to Rs 165.80 per kg in futures trading today as participants cut down bets.

Lead for delivery in January declined by 90 paise, or 0.54 per cent to Rs 165.80 per kg in a business turnover of 355 lots.

On similar lines, the metal for delivery in February declined by 75 paise or 0.45 per cent to Rs 166.25 per kg in 13 lots.

Marketmen said the fall in lead futures was due to a weak trend in industrial metals at the domestic spot markets due to sluggish demand from battery-makers.

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