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Lead futures trade marginally lower on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:56 AM IST

Amid weak trend in global markets, sluggish demand in the spot market, lead prices traded lower marginally lower by 0.05% to Rs 109.25 per kg in futures trade today.

At the Multi Commodity Exchange, lead for delivery in February traded tad lower by 5 paise, or 0.05% to Rs 109.25 per kg in business turnover of 110 lots.

However, metal for delivery in January contract held steady at Rs 108.45 per kg in 1,764 lots.

Market analysts said subdued demand from battery makers in the spot market amid weakening global trend mainly helped lead prices to trade marginally lower.

Meanwhile, lead fell 0.4% to $2,176 per tonne on the London Metal Exchange.

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First Published: Jan 23 2012 | 2:52 PM IST

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