Lead prices declined further by 0.54 per cent to Rs 147.90 per kg in futures trade today as speculators engaged in reducing exposure, driven by easing demand in the spot market amid weak global cues.
At the Multi Commodity Exchange, lead for delivery in March traded lower by 80 paise, or 0.54 per cent, to Rs 147.90 per kg in a business turnover of 523 lots.
On similar lines, the metal for delivery in April declined by 70 paise, or 0.47 per cent, to Rs 148.50 per kg in 15 lots.
Market analysts said, offloading of positions by traders owing to slackened demand from battery-makers in the domestic spot market and weakness in base metals in global markets, mainly weighed on lead prices at futures trade.
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