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Lead down 0.1% on sluggish demand, overseas trend

Sluggish demand, weak trend mainly kept pressure on lead prices

Press Trust of India New Delhi
Lead prices shed 0.12% to Rs 127.60 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.

At the Multi Commodity exchange, lead for delivery in April eased by 15 paise, or 0.12%, to Rs 127.60 per kg in business turnover of 220 lots.

Metal for delivery in the May fell by a similar margin to trade at Rs 128.65 per kg in three lots.

Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in metal at the London Metal Exchange mainly kept pressure on lead prices at futures trade.

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First Published: Apr 11 2014 | 11:16 AM IST

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