Lead prices fell by Rs 1.40, or 1.36 per cent, to Rs 101.80 per kg in futures market today, as speculators reduced their holdings, influenced by a weakening trend in global markets.
Subdued demand at the spot market too influenced the trading sentiment.
At the Multi Commodity Exchange counter, lead for September delivery fell by Rs 1.40, or 1.36 per cent, to Rs 101.80 per kg, with an open interest of four lots.
Similarly, the metal for delivery in October declined by Rs 1.30, or 1.25 per cent, to Rs 102.75 per kg, with a business turnover of just two lots.
Market analysts said off-loading by speculators after reports of a weakening trend at the London Metal Exchange mainly led to a decline in lead prices.
Meanwhile, lead fell 0.3 per cent to $2,290 per metric tonne at the London Metal Exchange.
