Lead futures down 0.28 pc on sluggish demand

NEW DELHI: Amid subdued domestic demand and weak trend in base metals overseas, lead futures traded lower by 0.28 per cent at Rs 106.40 per kg.

At the Multi Commodity Exchange, lead for delivery in June shed 30 paise, or 0.28 per cent, to Rs 106.40 per kg, with a business turnover of 310 lots.

The metal for delivery in the July also moved down by similar margin to trade at Rs 107.25 per kg, with a turnover of 15 lots.

Market analysts said weakness in base metals at the London Metal Exchange ( LME) and sluggish demand from battery-makers at domestic spot markets put pressure on the lead futures prices here.