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In range-bound thin trade, lead futures on Monday fell by 0.17 per cent to Rs 120.65 a kg, as speculators reduced their positions, driven by a weak demand at domestic spot markets.
At the Multi Commodity Exchange counter, lead for January delivery fell by 20 paise, or 0.17 per cent, to Rs 120.65 a kg, with a business turnover of 1,115 lots.
Similarly, the metal for delivery in February, shed 15 paise, or 0.12 per cent to Rs 121.35 a kg, with a business volume of 73 lots.
Market analysts said offloading of positions by speculators, triggered by weak demand at the domestic spot markets, kept pressure on the lead futures prices.
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