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Lead trades lower in futures market

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Lead traded lower by Re one, or 1.13 per cent to Rs 87.55 per kg in futures trade today on euro debt concerns.

Weak demand in spot markets from the consuming industries also kept pressure on the lead futures prices.

At the Multi Commodity Exchange, lead for July contract shed Re one, or 1.13 per cent to Rs 87.55 per kg, with a business turnover of 95 lots.

The metal for delivery in current-month May contract also traded lower by Rs 0.75, or 0.87 per cent at Rs 85.60 per kg, with a turnover of 8,291 lots.

Analysts said a weak trend in lead and other base metals at the London Metal Exchange and subdued demand for the metal at spot markets also weighed on the lead futures.

Meanwhile, at the London Metal Exchange, lead drifted by $14.75, or 0.76 per cent to $1,925.25 per tonne.

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First Published: May 17 2010 | 3:09 PM IST

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