Lead prices slipped 1.36 per cent to Rs 144.80 per kg in futures trade today as participants cut down their holdings due to sluggish demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in July fell Rs 2, or 1.36 per cent, to Rs 144.80 per kg, in a business turnover of 14,384 lots.
On similar lines, the metal for delivery in August also trading Rs 1.90, or 1.29 per cent lower, at Rs 145.90 per kg, in a business turnover of 423 lots.
According to analysts, offloading of positions by participants, tracking a weak trend at the sot markets due to low demand from battery makers keeping pressure on lead futures.
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