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Lead down on subdued demand, global cues

The December delivery shed 70 paise, or 0.24% to Rs 124 per kg

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Press Trust of India New Delhi

Lead futures fell by 0.36% to Rs 124.25 per kg today after speculators trimmed their positions to book profits amid a weak trend in base metals at the London Metal Exchange.

Subdued demand from battery-makers at the domestic spot markets also put pressure on lead futures prices here.

At the Multi Commodity Exchange, January lead fell by 55 paise, or 0.36%, to Rs 124.25 per kg, with a business turnover of 505 lots.

The December delivery shed 70 paise, or 0.24% to Rs 124 per kg in a turnover of 3,438 lots.

The fall in lead prices at futures trade was mostly in line with a weakening trend in the entire base metals pack at the London Metal Exchange after less-than-expected growth in China's exports in November.  

 

Besides, subdued domestic demand also put pressure on metal prices, they said.

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First Published: Dec 11 2012 | 12:00 PM IST

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