Lead futures prices traded lower by 0.51% to Rs 117.80 per kg today as speculators reduced their positions, driven by weak demand in the spot market.
Reduced offtake from battery makers and other consuming industries at the physical markets also put pressure on lead futures prices.
At the Multi Commodity Exchange, lead for August delivery traded lower by 60 paise, or 0.51%, to Rs 117.80 per kg, with a business volumes of 1,201 lots.
Likewise, the metal for July delivery shed 55 paise, or 0.47%, to Rs 116.70 per kg, with a trade turnover of 2,049 lots.
Market analysts said sluggish demand from consuming industries such as battery makers in the spot markets, mainly helped lead prices to trade lower at futures trade.