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Lead softens by 0.2% on global cues

Subdued demand from battery-makers in the domestic spot market also affected prices

Press Trust of India New Delhi
Lead prices were down by 0.22% to Rs 135.10 per kg in futures trading today largely in tune with a weak trend in base metals at the London Metal Exchange amidst subdued demand from battery-makers in the domestic spot market.

In futures trading at the Multi Commodity Exchange, lead for delivery in May declined by 30 paise, or 0.22%, to Rs 135.10 per kg in a business turnover of 134 lots.

Analysts said weakness in copper and other base metals at the London Metal Exchange and subdued demand from battery-makers and other consuming industries in the spot market mainly kept pressure on lead prices at futures trade.

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First Published: May 05 2015 | 11:02 AM IST

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