Lead futures slide on subdued spot demand

NEW DELHI, Aug 2:  Lead prices eased by 0.30 per cent to Rs 148.75 per kg in futures trade today as participants cut down their bets amid muted demand at the domestic spot market.
Besides, profit-booking weighed on the prices.
At Multi Commodity Exchange, lead for delivery in August was trading down 45 paise, or 0.30 per cent, at Rs 148.75 per kg in a business turnover of 443 lots.
The metal for delivery September also fell by 50 paise, or 0.30 per cent, to trade at Rs 149.45 per kg with a business volume of 38 lots.
Marketmen said that apart from muted demand from battery- makers at domestic markets, profit-booking by participants kept pressure on lead futures here. (PTI)