 "Lead futures edge down by 0.08%")
Lead prices edged lower by 0.08% to Rs 128.30 per kg in futures trade today after speculators reduced exposures amid a weak trend in base metals overseas and subdued spot demand.
At the Multi Commodity exchange, lead for delivery in November shed 10 paise, or 0.08%, to Rs 128.30 per kg in business turnover of 210 lots.
The metal for delivery in December fell by a similar margin to Rs 129.75 per kg in a turnover of 8 lots.
Market analysts said besides subdued domestic demand, a weak trend in base metals at the London Metal Exchange on demand concerns, mainly put pressure on the lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in November shed 10 paise, or 0.08%, to Rs 128.30 per kg in business turnover of 210 lots.
The metal for delivery in December fell by a similar margin to Rs 129.75 per kg in a turnover of 8 lots.
Market analysts said besides subdued domestic demand, a weak trend in base metals at the London Metal Exchange on demand concerns, mainly put pressure on the lead prices at futures trade.
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