NEW DELHI, Sept 4: Lead prices moved down by 0.87 per cent to Rs 147.30 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 October moved down by Rs 1.30, or 0.87 per cent, to Rs 147.30 per kg in business turnover of 31 lots.
Similarly, the metal for delivery in September traded lower by Rs 1.20, or 0.81 per cent, to Rs 147.05 per kg in 548 lots.
Market analysts attributed the fall in lead futures to profit-booking by speculators, and a weak trend in base metals overseas on concern that the US Federal Reserve is getting closer to tapering stimulus, which would reduce demand for commodities including metals. (PTI)
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