Amid profit-booking by speculators at higher levels, lead futures traded Rs 0.40 or 0.47 per cent down at Rs 85.30 per kg today.
Strong rupee and subdued demand in the physical market from battery-makers also put pressure on lead futures prices.
At the Multi Commodity Exchange counter, lead for July contract delivery fell Rs 0.40, or 0.47 per cent, to Rs 85.30 per kg, with a turnover of 721 lots.
The metal for delivery under August contracts also shed Rs 0.35 or 0.47 per cent, at Rs 86.50 per kg, with a business volume of 721 lots.
Market analysts said apart from profit booking by speculators, subdued demand for the metal in physical markets and a strong rupee, which makes the dollar quoted commodities cheaper, also weighed on the lead prices at futures market here.