Lead fell by 0.20% to Rs 126.55 per kg in futures trade today as speculators reduced their positions amid subdued demand at spot markets.
Besides, absence of cues from the London Metal Exchange (LME) which is closed today for 'Boxing Day', also put pressure.
At the Multi Commodity Exchange, the January contract shed 25 paise, or 0.20%, to Rs 126.55 per kg in business turnover of 137 lots.
The December contract also fell by 20 paise, or 0.16% to Rs 126.25 per kg in a business volume of 646 lots.
Market analysts attribute the decline in lead futures to a weak trend in spot markets due to sluggish demand and absence of any encouraging global cues.
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