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Lead futures down 0.17% on global cues, subdued spot demand

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Press Trust of India New Delhi
Lead eased by 0.17 per cent to Rs 117.60 per kg in futures trade today in tandem with a weakening trend in base metal at the London Metal Exchange (LME).

At the Multi Commodity Exchange, lead for delivery in April was trading 20 paise or 0.17 per cent down at Rs 117.60 per kg in a business turnover of 163 lots.

The metal for delivery May also fell by a similar margin to trade at Rs 118.20 per kg with a business volume of four lots.

Marketmen said a weak trend in base metal at the LME, and muted demand from battery-makers at domestic markets, mainly kept pressure on lead futures here.
 

Globally, lead lost 0.5 per cent at the LME.

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First Published: Apr 22 2016 | 10:57 AM IST

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