Lead January futures fell by 35 paise, or 0.27%t, to Rs 127 per kg in 2,753 lots.
At the Multi Commodity exchange, the February contract shed 30 paise, or 0.23%, to Rs 127.50 per kg in 267 lots.
Traders reducing their positions, sluggish demand from battery-makers affected the lead futures.
Besides, weak trend in base metals at the London Metal Exchange triggerd the downtrend.
