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Taking weak cues from the global market and sluggish domestic demand, lead fell by 0.28% to Rs 124.75 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity exchange, lead for delivery in May down by 35 paise, or 0.28%, to Rs 124.75 per kg in business turnover of eight lots.
Metal prices for delivery in April also shed 25 paise, or 0.20%, to Rs 124.25 per kg in 535 lots.
Market analysts said apart from slackened demand from battery-makers in the domestic spot market, a weak trend in select base metals overseas, attributed fall in lead futures prices here.
