NEW DELHI, July 16: Lead prices drifted lower by 0.79 per cent to Rs 150.65 per kg in futures trade today as speculators trimmed their positions, taking negative cues from domestic spot market on subdued demand.
At the Multi Commodity Exchange, lead for delivery in August fell by Rs 1.20, or 0.79 per cent, to Rs 150.65 per kg in business turnover of 10 lots.
Likewise, the metal for delivery in July contracts was trading lower by Rs 1.10, or 0.73 per cent, to Rs 149.90 per kg in 302 lots.
Analysts said offloading of positions by traders following easing demand from battery-makers in the physical market led to the decline in lead prices in futures trade. (PTI)
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