Lead futures prices today fell sharply by 1.25 per cent today, tracking weakening trend in the entire base metals at the London Metal Exchange (LME).
Subdued demand from battery makers at the spot market, also kept pressure on the lead futures prices here.
At the Multi Commodity Exchange, lead for April delivery fell by Rs 1.50, or 1.25 per cent, to Rs 118.60 per kg, with a business turnover of just two lots.
Similarly, the metal for delivery in February, shed 65 paise, or 0.55 per cent, to Rs 118.25 per kg, with a business volume of five lots.
Market analysts said apart from weakening trend at the LME on demand concern, weak trend at the domestic spot market, also weighed on the lead futures here.
Meanwhile, lead lost 2.1 per cent to $2,579 a tonne at the LME.