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Lead down on subdued demand, weak overseas cues

Weak global trend mainly pulled the metal down

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prices traded marginally lower by 0.14% to Rs 108.45 per kg in futures trade today owing to subdued demand in the spot market.

At the MCX, Lead for delivery in June month shed 15 paise, or 0.14%, to Rs 108.45 per kg in business turnover of 874 lots.

The May contract traded lower by 5 paise, or 0.05%, to Rs 107.85 per kg in 1,584 lots.

Globally, lead traded 0.10% lower at $1,923 per tonne.

Market analysts said subdued domestic demand and weakness in metal at the London Metal Exchange (LME) mainly put pressure on lead prices at futures trade.

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Lead futures up on global cues, spot demand

Supported by a firming trend overseas and a pick-up in spot demand, lead futures prices today traded higher by 0.67% to Rs 112.60 per kg.

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