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Lead futures shed 0.08% on sluggish demand, overseas cues

Lead for delivery in September fell 10 paise, or 0.08%, to Rs 127.85 per kg

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Press Trust of India New Delhi
Lead prices slipped by 0.08% to Rs 127.85 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
 
At the Multi Commodity exchange, lead for delivery in September fell 10 paise, or 0.08%, to Rs 127.85 per kg in a business turnover of 367 lots.
 
The metal for delivery in October fell by a similar margin to trade at Rs 129 per kg in a business volume of five lots.
 
Market analysts said besides the sluggish demand from battery-makers in the spot market, a weak trend in copper and other base metals at the London Metal Exchange kept pressure on lead prices at futures trade.
 

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First Published: Sep 18 2014 | 10:50 AM IST

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