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Lead futures for March fell 35 paise, or 0.30%, to Rs 117.35 per kg in 1,707 lots.
At the Multi Commodity Exchange (MCX), the April contract shed 25 paise, or 0.25%, to Rs 118.35 per kg in 302 lots.
Prices fell as speculators reduced their exposures amid subdued spot markets demand.
Weak trend in base metals at the London Metal Exchange (LME) on speculation that demand will slow as China will take steps to tame inflation.
Subdued demand from battery-makers, alo triggered fall in lead futures pries.
At LME, lead declined 0.4% to $2,181 per tonne.
