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Lead prices moved down by 0.87% to Rs 147.30 per kg in futures trade today as speculators locked in gains amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in October moved down by Rs 1.30, or 0.87%, to Rs 147.30 per kg in business turnover of 31 lots.
Similarly, the metal for delivery in September traded lower by Rs 1.20, or 0.81%, to Rs 147.05 per kg in 548 lots.
Market analysts attributed the fall in lead futures to profit-booking by speculators, and a weak trend in base metals overseas on concern that the US Federal Reserve is getting closer to tapering stimulus, which would reduce demand for commodities including metals.
