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Lead prices fell by 0.35% to Rs 129.30 per kg in futures trade today as speculators reduced exposure on subdued spot demand amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in October fell by 45 paise, or 0.35%, to Rs 129.30 per kg in business turnover of 71 lots.
The metal for delivery in September also traded lower by 35 paise, or 0.27%, to Rs 127.85 per kg in a turnover of 350 lots.
Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas as reports showed the US economy improved, boosting the case that the Federal Reserve may reduce its stimulus, weighed on lead futures prices here.
