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Lead traded a shade lower at Rs 123.65 per kg in futures trade today after participants reduced their exposures amid sluggish demand from battery makers in the spot market amid a weak trend overseas.
At the Multi Commodity exchange, lead for delivery in June shed 35 paise, or 0.28%, to Rs 123.65 per kg in business turnover of 442 lots.
Metal prices for delivery in the July fell by a similar margin to trade at Rs 124.75 per kg in eight lots.
Market analysts said subdued demand from battery-makers in the domestic spot market and a weak trend in base metals at the London Metal Exchange led to the fall in lead futures prices.
