Lead futures weaken on profit-taking

Lead prices weakened by 0.82 per cent to Rs 120.45 per kg in futures market today as speculators booked profits,driven by subdued spot market demand.

At the Multi Commodity Exchange,lead for delivery in October declined by Rs 1,or 0.82 per cent,to Rs 120.45 per kg,with a business turnover of 722 lots.

Likewise,the metal for delivery in September traded lower by 90 paise,or 0.74 per cent,to Rs 120 per kg,with a business turnover of 5,361 lots.

Marketmen said apart from profit-booking by speculators,subdued demand from battery-makers in the spot market mainly influenced lead prices at futures trade.