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Lead futures for April fell Rs 1.35, or 1.24% to Rs 107.35 per kg in 2,701 lots.
At the Multi Commodity Exchange (MCX), the May contract shed Rs 1.25, or 1.14%, to Rs 108.45 per kg in 250 lots.
Prices eased as speculators reduced their exposures amid subdued spot demand.
Weak trend in base metals at the London Metal Exchange (LME) due to demand worries as International Monetary Fund (IMF) lowered its outlook for the world economy had a negative impact on lead futures.
