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Tracking a weak trend overseas and sluggish domestic demand, lead fell 0.16% to Rs 126.70 per kg in futures trade today after participants reduced their holdings.
At the Multi Commodity exchange, lead for delivery in December shed 20 paise, or 0.16%, to Rs 126.70 per kg in business turnover of 1 lot.
Similarly, metal for delivery in November month contracts fell 10 paise, or 0.08%, to Rs 125.95 per kg in a turnover of 53 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals in global markets amid data showing property prices declined a second month in China, the largest metals consumer, and disappointing industrial production data in the US, weighed on lead futures prices here.
