Lead sheds 0.13% on muted demand

sluggish offtake from battery makers in spot market drags prices down in futures trade

Lead prices slipped 0.13 per cent to Rs 113.45 per kg in futures trade today due to sluggish demand from battery-makers in the spot market.

At the Multi Commodity exchange, lead for delivery January 2016 contract fell 15 paise or 0.13 per cent to Rs 113.45 per kg in a business turnover of four lots.

The current month contract edged lower by 10 paise or 0.09 per cent to Rs 112.75 per kg in 170 lots.

According to analysts, a sluggish demand from battery-makers in the spot market mainly kept pressure on lead futures here.