NEW DELHI, July 4: Lead prices moved down by 0.56 per cent to Rs 124.80 per kg in futures trade today as speculators locked in gains amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in July moved down by 70 paise, or 0.56 per cent, to Rs 124.80 per kg in business turnover of 615 lots.
Similarly, the metal for delivery in August traded lower by 65 paise, or 0.52 per cent, to Rs 125.50 per kg in 40 lots.
Market analysts attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas amid concerns that slowing economic growth in China, the biggest user, will dampen demand ahead of a US jobs report tomorrow. (PTI)
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