NEW DELHI, Dec 13: Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.45 per cent to Rs 131.40 per kg in futures trade as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in December fell 60 paise, or 0.45 per cent, to Rs 131.40 per kg in business turnover of 621 lots.
Likewise, the metal for delivery in January shed 50 paise, or 0.38 per cent, to Rs 132.70 per kg in 28 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend in the entire base metals pack at the London Metal Exchange as record output in China spurred oversupply concerns and speculation on the timing of stimulus cuts by the US Federal Reserve. (AGENCIES)
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