Lead prices fell by 1.22% to Rs 96.80 per kg in futures trade today, tracking weakness in the base metals pack overseas on concerns that Europe's debt crisis would hurt demand.
At the Multi Commodity Exchange, November lead declined by Rs 1.20, or 1.22%, to Rs 96.80 per kg, with a business turnover of 20 lots.
Likewise, the metal for delivery in September moved down by 60 paise, or 0.62%, to Rs 96.75 per kg, with a turnover of 1,194 lots.
Meanwhile, lead declined by 1.9% to $1,970 per tonne on the London Metal Exchange (LME).
Market analysts said a weakening trend in base metals on the LME as Europe's persisting debt crisis raised concerns that the global economy and demand are set to slowdown put pressure on lead prices in futures trade here.
