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Diminishing demand drags down lead futures by 0.70%

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

 

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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 155.40 per kg, down by 0.70%, after opening at Rs 155.30, against a previous close of Rs 156.50. It touched the intra-day low of Rs 155.05.

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