Lead prices weakened 0.59 per cent to Rs 118 per kg in futures trade today as speculators preferred to book profits on the first day of the New Year amid muted demand in the spot market.
In futures trading at Multi Commodity Exchange, lead for delivery in February shed 70 paise, or 0.59 per cent, to Rs 118 per kg, in a moderate business turnover of five lots.
Metal for delivery in January was trading lower by 30 paise, or 0.25 per cent, at Rs 117.75 per kg, in a business turnover of 180 lots.
Analysts attributed fall in lead prices at futures trade to profit-booking and subdued demand at the domestic spot markets.
