Lead prices drifted lower by 0.06 per cent to Rs 164.05 per kg in futures trading today as speculators engaged in trimming their positions, tracking a weak trend at spot market on tepid demand.
At the Multi Commodity Exchange, lead for delivery in June shed 10 paise, or 0.06 per cent to Rs 164.05 per kg in a business turnover of 519 lots.
However, the metal for delivery in July contracts held steady at Rs 164.85 per kg in 43 lots.
Analysts said trimming of positions by traders on the back of easing demand from battery makers in the physical market, mainly kept lead prices down at futures trade.
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