At the Multi Commodity Exchange, lead for delivery in March was trading 65 paise down, or 0.43 per cent lower at Rs 149.75 per kg in a business turnover of 443 lots.
The metal for delivery May also fell by a similar margin to trade at Rs 150.15 per kg with a business volume of one lot.
Marketmen said, a weak trend in select base metals due to muted demand from battery-makers, mainly kept pressure on lead futures here.