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Lead prices edged lower by 0.93% to Rs 127.85 per kg in futures trade today, after speculators trimmed exposures amid a weak trend in the entire base metals overseas and subdued spot demand.
At the Multi Commodity exchange, lead for delivery in April shed Rs 1.20, or 0.93%, to Rs 127.85 per kg in business turnover of 57 lots.
Likewise, the metal for delivery in March declined by Rs 1.05, or 0.82%, to Rs 126.70 per kg in a turnover of 836 lots.
Market analysts a weak trend in copper and other base metals at the London Metal Exchange (LME)as weak Chinese trade data raised demand concern and a subdued trend at domestic spot markets, mainly put pressure on the lead prices at futures trade.
