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Lead weakens 0.8% on profit-booking

Subdued demand from battery-makers influences prices

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Press Trust of India New Delhi

Lead prices weakened by 0.82% to Rs 120.45 per kg in futures market today as speculators booked profits, driven by subdued spot market demand.

At the Multi Commodity Exchange, lead for delivery in October declined by Rs 1, or 0.82%, to Rs 120.45 per kg, with a business turnover of 722 lots.

September lead traded lower by 90 paise, or 0.74%, to Rs 120 per kg, with a business turnover of 5,361 lots.

Marketmen said apart from profit-booking by speculators, subdued demand from battery-makers in the spot market influenced lead prices at futures trade.

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First Published: Sep 17 2012 | 2:07 PM IST

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