Lead prices fell by 1.15% to Rs 111.90 per kg in the futures trade today, tracking weakness in base metals overseas on speculation of a slowdown in the economy, as Europe's debt crisis persisted.
At the Multi Commodity Exchange, September lead declined by Rs 1.30, or 1.15%, to Rs 111.90 per kg, with a business turnover of 944 lots.
The October contract moved down by Rs 1.15, or 1.02% to Rs 111.95 per kg in a turnover of 95 lots.
Globally, lead dropped 2.1% to $2,316 per tonne at the London Metal Exchange (LME).
Market analysts said weakness in copper and other base metals at the LME as Europe's debt crisis persisted, raising concerns that the global economy is set to slow down.
