 "Lead down 0.95% on sluggish demand, overseas cues")
Lead prices slipped 0.95 per cent to Rs 114.75 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in October fell Rs 1.10, or 0.95 per cent, to Rs 114.75 per kg in a business turnover of 583 lots.
The November contract lost Re 1, or 0.86 per cent, to Rs 115.85 per kg in 12 lots.
Marketmen said besides sluggish demand from battery-makers in the spot market, a weak trend in base metals at the London Metal Exchange after signs of slowing growth in China, the world's biggest metal consumer kept pressure on lead prices.
At the Multi Commodity exchange, lead for delivery in October fell Rs 1.10, or 0.95 per cent, to Rs 114.75 per kg in a business turnover of 583 lots.
The November contract lost Re 1, or 0.86 per cent, to Rs 115.85 per kg in 12 lots.
Marketmen said besides sluggish demand from battery-makers in the spot market, a weak trend in base metals at the London Metal Exchange after signs of slowing growth in China, the world's biggest metal consumer kept pressure on lead prices.