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Lead prices weakened by 0.43% to Rs 114.80 per kg in futures trade today as speculators offloaded positions driven by subdued demand in the spot market amid weak trend in base metals at the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in February shed 50 paise, or 0.43% to Rs 114.80 per kg in business turnover of 353 lots.
Likewise, the metal for delivery in March contract traded lower by 45 paise, or 0.39% to Rs 115.80 per kg in 4 lots.
Market analysts said a weak trend in base metals pack at the LME and a weak demand from battery-makers in the spot market mainly led to the decline in lead prices at futures trade.
