Amid weak trend in base metals at the London Metal Exchange on demand concerns, lead prices fell by over 1% to Rs 112 per kg in futures trade today.
At the Multi Commodity Exchange, October lead shed Rs 1.20, or 1.06%, to Rs 112 per kg, with a business turnover of 213 lots.
The September contract was trading lower by Rs 1.10, or 0.98%, at Rs 111.70 per kg in 1,535 lots.
Market analysts said apart from sluggish demand from battery-makers and other consuming industries in the spot market, a weak trend in overseas markets on demand concerns, also responsible for the decline in lead futures prices.
Meanwhile, the London Metal Exchange Index of prices for six industrial metals including copper and aluminium slid 1.6% yesterday.