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Lead futures for April fell 40 paise, or 0.33%, to Rs 122.40 per kg in 74 lots.
At the Multi Commodity Exchange (MCX), the March contract shed 35 paise, or 0.29%, to Rs 121.70 per kg in 1,013 lots.
Weak spot market trends on sluggish demand had a negative impact.
Leading offloading of positions by speculators also put pressure on Lead futures.
The metal's strength at the London Metal Exchange (LME) limited the losses.
On the London Metal Exchange, lead rose 0.7% to $2,250.50 per tonne.
