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Lead falls by 0.5% on overseas cues

Sluggish demand from battery-makers in the spot market also affected prices

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Press Trust of India New Delhi
Lead prices were down by 0.54% to Rs 109.80 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.

At the Multi Commodity Exchange, lead for delivery in February eased by 60 paise, or 0.54%, to Rs 109.80 per kg in a business turnover of three lots.

Metal for delivery in January shed 45 paise, or 0.41%, to Rs 109.40 per kg in 334 lots.

Market analysts said sluggish demand from battery-makers in the spot market amid a weak trend in the base metals pack at the London Metal Exchange, mainly kept pressure on lead prices at the futures trade.
 

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First Published: Jan 15 2016 | 11:42 AM IST

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