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Lead falls 0.29% as profit-taking emerges

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Press Trust of India New Delhi

Tracking weakness in other base metals amid profit-taking, lead turned weak and traded 0.29 per cent lower, at Rs 102.05 per kg in futures trade today.

At the Multi Commodity Exchange counter, lead for September and October contracts weakened by 30 paise, or 0.29 per cent each, to Rs 102.05 and Rs 103 per kg, with a turnover of 4,623 and 477 lots, respectively.

Marketmen said apart from profit-booking by speculators at existing higher levels, weak trend in copper and other base metals in global markets also weighed on the lead futures.

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First Published: Sep 15 2010 | 1:22 PM IST

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