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Lead prices traded lower by 0.55% to Rs 135.20 per kg in futures market today as speculators reduced their positions due to sluggish demand from battery makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in December declined by 75 paise, or 0.55%, to Rs 135.20 per kg in business turnover of 81 lots.
Likewise, the metal for delivery in November shed 70 paise, or 0.52%, to Rs 134.10 per kg in 2,527 lots.
Analysts attributed the weakness in lead futures to offloading of positions by speculators on sluggish demand from battery-maker in the spot market.
