Lead down on profit taking, subdued demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:11 AM IST

Lead futures today softened by Rs 0.40, or 0.42 per cent, to Rs 95.10 per kg amid weak cues from spot markets. 

At the Multi-Commodity Exchange, lead for September-month weakened by Rs 0.40, or 0.42 per cent, to Rs 95.10 per kg with an open interest of 165 lots.

Similarly, the metal for delivery in August month also traded marginally lower by Rs 0.35, or 0.37 per cent to Rs 94.30 per kg in business volume of 944 lots.

Analysts said apart from profit-booking by speculators at higher levels, weak trend overseas on demand concerns also weighed on the lead futures.

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First Published: Aug 27 2010 | 1:45 PM IST

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