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Lead prices drifted by 0.16% to Rs 123.90 per kg in futures trade 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 October declined 20 paise, or 0.16%, to Rs 123.90 per kg in business turnover of 96 lots.
Metal prices for delivery in November fell by a similar margin to Rs 124.85 per kg in a turnover of four lots.
Market analysts said besides sluggish demand from battery-makers in the spot market, a weak trend in base metals pack at the London Metal Exchange (LME) ahead of the outcome of US Federal Reserve's meeting, mainly kept pressure on lead prices in futures trade.
