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Lead futures fall 0.50% in thin trade

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Press Trust of India New Delhi

Tracking a weak trend in the entire base metals pack overseas, lead futures fell by 55 paise, or 0.50 per cent, to Rs 100.45 per kg today.

Market analysts attributed the fall in lead futures to weakness in base metals overseas, as the firming US dollar put pressure on commodities. Subdued demand in domestic markets also put pressure on lead futures, they said.

At the Multi Commodity Exchange counter, lead for current-month delivery weakened by 55 paise, or 0.50 per cent, to Rs 100.45 per kg, with a turnover of 1,116 lots.
    
Lead futures for November contract delivery also fell by 50 paise, or 0.50 per cent, to Rs 101.55 per kg, with a business turnover of 43 lots.

 

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First Published: Oct 05 2010 | 1:06 PM IST

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