Lead futures shed 0.08 pc on sluggish demand, overseas cues

NEW DELHINew Delhi, Sep 18 (PTI) Lead prices slipped by 0.08 per cent to Rs 127.85 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in September fell 10 paise, or 0.08 per cent, to Rs 127.85 per kg in a business turnover of 367 lots.
The metal for delivery in October fell by a similar margin
to trade at Rs 129 per kg in a business volume of five lots.
Market analysts said besides the sluggish demand from battery-makers in the spot market, a weak trend in copper and other base metals at the London Metal Exchange kept pressure on lead prices at futures trade. (PTI)