Lead for delivery in September declined by 60 paise or 0.43 per cent to Rs 149.20 per kg in a business turnover of 353 lots.
The metal for delivery in October also fell by a similar margin to trade at Rs 150 per kg in 10 lots.
Marketmen said the fall in lead futures was triggered by a weak trend at spot markets due to sluggish demand from consuming industries, particularly battery-makers.