Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.41% to Rs 133.45 per kg in futures trade as speculators reduced their positions.
At the Multi Commodity Exchange, lead for delivery in March fell 55 paise, or 0.41%, to Rs 133.45 per kg in business turnover of nine lots.
Likewise, the metal for delivery in February shed 50 paise, or 0.38%, to Rs 132.55 per kg in 109 lots.
Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend at the London Metal Exchange on slowing manufacturing in China, the world's largest user of base metals.