Lead down by 0.2% on global cues
Speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets
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Lead prices eased by 0.20% to Rs 126.65 per kg in futures trade today after speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets.
At the Multi Commodity Exchange, lead for delivery this month shed 30 paise, or 0.20%, to Rs 126.65 per kg in business turnover of 115 lots.
On similar lines, the metal for delivery in March shed 15 paise, or 0.10%, to Rs 127.45 per kg in 100 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets from battery-makers, mainly attributed fall in lead futures pries.
At the Multi Commodity Exchange, lead for delivery this month shed 30 paise, or 0.20%, to Rs 126.65 per kg in business turnover of 115 lots.
On similar lines, the metal for delivery in March shed 15 paise, or 0.10%, to Rs 127.45 per kg in 100 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets from battery-makers, mainly attributed fall in lead futures pries.
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First Published: Nov 28 2014 | 11:26 AM IST