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Lead down 0.5% on subdued spot demand

Prices were affected as speculators reduced their positions

Last Updated : Mar 07 2013 | 2:33 PM IST

Lead futures for April fell 65 paise, or 0.54%, to Rs 120.15 per kg in 220 lots.

At the Multi Commodity Exchange (MCX), the March contract shed 60 paise, or 0.50%, to Rs 119.40 per kg in 2,068 lots.

Prices were affected as speculators reduced their positions.

Subdued spot demand also had a negative impact.

Weakening trend at the London Metal Exchange (LME) due to drop in US factory orders that raised demand concerns triggered the downtrend in Lead futures trade here.