Lead for delivery in March declined by Rs 1.85, or 1.17 per cent to Rs 155.80 per kg in a business turnover of five lots.
On similar lines, the metal for delivery in February contracts declined by Rs 1.65 or 1.05 per cent to Rs 155.50 per kg in 538 lots.
Marketmen said the fall in lead futures was due to a weak trend in industrial metals at the domestic spot markets due to sluggish demand from battery-makers.