Lead futures fall on ease in physical demand

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Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators indulged in trimming their bets in industrial metal amid subdued physical demand for lead, from battery-makers, in the domestic spot market. 

 

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. 

 

At the MCX, lead futures for January 2017 contract is trading at Rs 137.90 per kg, down by 0.51 per cent, after opening at Rs 138.15, against a previous close of Rs 138.60. It touched the intra-day low of Rs 137.80

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