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Lead prices fell by 0.20% to Rs 127.15 per kg in futures trade today as speculators reduced exposures on subdued spot demand and a weak trend in the global market.
At the Multi Commodity Exchange, lead for delivery in April was down by 25 paise, or 0.20%, to Rs 127.15 per kg in business turnover of 966 lots.
The metal for delivery in May also fell by 20 paise, or 0.16%, to Rs 128.25 per kg in a business volume of 9 lots.
Marketmen said a weak trend in the domestic spot markets due to subdued demand from battery makers and absence of positive cues from the global markets put pressure on lead futures here.
