NEW DELHI, June 3: Lead prices moved down by 0.39 per cent to Rs 126.20 per kg in futures trade today as speculators booked profits amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in July moved down by 50 paise, or 0.39 per cent, to Rs 126.20 per kg in business turnover of six lots.
Similarly, the metal for delivery in June traded lower by 45 paise, or 0.36 per cent, to Rs 125.10 per kg in 231 lots.
Marketmen attributed the fall in lead futures to profit-booking by speculators, and a weak trend in the entire base metals overseas as a private gauge of China’s manufacturing missed estimates, curbing demand prospects from the world’s biggest user of the metals. (PTI)
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