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Lead futures shed 0.54% on profit booking

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Press Trust of India New Delhi

Lead futures prices today fell by 0.54 per cent to Rs 110.60 per kg, largely in tandem with weak trends in the base metals pack overseas.

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

At the Multi Commodity Exchange counter, lead for December delivery fell by 60 paise, or 0.54 per cent, to Rs 110.60 per kg, with a business turnover of 14 lots.

Similarly, the metal for delivery in January, shed 60 paise, or 0.53 per cent to Rs 111.55 per kg, with a business volume of just two lots.

A weak trend at the London Metal Exchange, fall in demand at domestic spot markets and profit booking by speculators, mainly led to the fall in lead futures prices here.

 

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First Published: Dec 22 2010 | 3:14 PM IST

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