Amid weak cues from the global markets and sluggish domestic demand, lead prices moved down by 0.98% to Rs 124.25 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in September shed Rs 1.20, or 0.98%, to Rs 121.25 per kg, with a business turnover of 2,377 lots.
October lead weakened by Rs 1.15, or 0.94%, to Rs 121.60 per kg, with a business turnover of 301 lots.
Lead fell by $23.25, or 1.02%, to $2,2247.75 per tonne at the London Metal Exchange.
Marketmen said a weak trend in base metals overseas on factory data from top consumer China showing manufacturing activity steadying, but not improving, put pressure on lead prices at futures trade.
Besides, subdued demand from battery-makers impacted the markets, they said.