Lead prices declined by 0.16 per cent to Rs 154.75 per kg in futures trade today as speculators trimmed their positions, taking negative cues from the spot market on subdued demand.
At the Multi Commodity Exchange, lead for delivery in May month shed 25 paise, or 0.16 per cent to Rs 154.75 per kg in business turnover of 248 lots.
Likewise, the metal for delivery in June contracts was trading lower by a similar margin to Rs 155.20 per kg in 1 lot.
Analysts attributed the weakness in lead futures to cutting down of positions by traders due to sluggish demand from battery-makers in the physical markets.
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