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Lead down 0.5% on overseas trend

Metal for delivery in the October contracts shed 0.41%

Press Trust of India New Delhi
Lead prices fell 0.52% to Rs 134.40 per kg in futures trading today largely in tandem with a weak trend overseas amid subdued spot demand.

At the Multi Commodity exchange, lead for delivery in November declined 70 paise, or 0.52%, to Rs 134.40 per kg in business turnover of 24 lots.

Similarly, the metal for delivery in the October contracts shed 55 paise, or 0.41%, to Rs 133.10 per kg in 518 lots.

Market analysts said a weak trend in copper and other base metals in the global market after US payrolls rose less than forecast, curbing demand prospects for industrial metals in the world's largest economy, weighed on prices.
 

Besides, subdued demand in the domestic spot markets from battery-makers also influenced prices, they said.

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First Published: Oct 23 2013 | 12:49 PM IST

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