Lead drifted by Re one, or 1.12 per cent, to Rs 80.40 per kg, in futures trade today, as speculators preferred to book profits.
Fall in demand at the physical market from the consuming industries, also kept pressure on the lead futures prices. At the Multi Commodity Exchange counter, lead for July contract fell Re 1, or 1.12 per cent, to Rs 80.40 per kg, with a turnover of 306 lots.
The metal for delivery in August contract also weakened by Rs 0.85, or 1.03 per cent, to Rs 81.65 per kg, with a business volume of 22 lots.
Analysts attributed the decline in lead futures prices to profit booking by speculators. Meanwhile, at the London Metal Exchange, lead traded flat at $1,735 a metric tonne.
