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Lead down on overseas cues, subdued demand

Subdued demand from battery-makers at the domestic spot markets also pressurised lead prices

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Press Trust of India New Delhi

Amid a weak trend at the London Metal Exchange, lead futures fell by 0.59% to Rs 108.65 per kg today.

Subdued demand from battery-makers at the domestic spot markets also pressurised lead prices

At the Multi Commodity Exchange, lead for delivery in September fell by 65 paise, or 0.59%, to Rs 108.65 per kg, with a business turnover of 84 lots.

The metal for delivery in October also shed 60 paise, or 0.55%, to Rs 109.20 per kg, with business volume of 22 lots.

Marketmen said a weak trend in copper and other base metals at the London Metal Exchange (LME) on speculation that US policy makers will not embark on a fresh round of stimulus, with the dollar rising before reports may show improved consumer sentiment and manufacturing, led to a fall in lead futures prices here.

 

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First Published: Aug 28 2012 | 1:59 PM IST

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