Lead futures dip on soft demand

New Delhi, Jan 29 () Lead prices on Wednesday drifted lower by 1.18 per cent to Rs 150.25 per kg in futures trade as speculators cut bets on low demand.

On the Multi Commodity Exchange, lead for delivery in May fell by Rs 1.80, or 1.18 per cent, to Rs 152.20 per kg in 3 lots.

Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly exerted pressure on lead prices here. VHP RUJ RUJ