Lead futures for February fell 30 paise, or 0.23%, to Rs 129.25 per kg in 827 lots.
At the Multi Commodity Exchange (MCX), the March contract shed 25 paise, or 0.19%, to Rs 129.550 per kg in 69 lots.
The trade fell speculators as booked profits at prevailing levels.
Weak metal trend at the London Metal Exchange (LME) also affected the trade.