Lead prices moved down by 0.38 per cent to Rs 145.80 per kg in futures trade today as speculators cut bets, taking negative cues from spot market on sluggish demand.
At the Multi Commodity Exchange, lead for delivery in August declined by 55 paise, or 0.38 per cent to Rs 145.80 per kg in business turnover of 592 lots.
Similarly, the metal for delivery in September shed 55 paise, or 0.37 per cent to Rs 146.50 per kg in 32 lots.
Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market, mainly weighed on lead prices down at futures trade.