Lead futures prices fell by over one per cent to Rs 113.15 per kg today, after speculators offloaded their positions to book profits amid weak trend in global markets.
Weak trend in base metals at spot markets, owing to subdued demand, also weighed on the metal futures prices.
At the Multi Commodity Exchange counter, lead for delivery in October fell by 1.35, or 1.18 per cent, to Rs 113.15 per kg, with a business turnover of nine lots.
The metal for November delivery lost Rs 1.30, or 1.13 per cent, to Rs 114.05 per kg, with a turnover of of one lot.
Analysts said profit booking by speculators and weak trend in the entire base metals pack in global markets after firming dollar reduced appeal for metals as an alternative asset, mainly led to a fall in lead futures prices.
Meanwhile, lead fell two per cent to $2,540 a metric tonne at the London Metal Exchange after remaining in positive zone for six straight sessions and hitting 9-month high of $2,619 per tonne.
