Tracking weakness in other base metals in the global markets, lead softened by 0.25% to Rs 122.45 per kg in futures trade today as speculators reduced their positions.
Subdued demand from battery-makers in the spot market, also kept pressure on the metal's price.
At the Multi Commodity exchange, the December contract softened by 30 paise, or 0.25%, to Rs 122.45 per kg in business turnover of 1,843 lots.
The December contract also fell by similar margin to trade at Rs 122.60 per kg in a business volume of 143 lots.
Market analysts attributed the decline in lead futures to a weak trend in copper and other base metals at the London Metal Exchange after US manufacturing unexpectedly shrank and a budget stand-off intensified.
Sluggish demand from battery-makers in the domestic spot markets, also put pressure on the metal prices.
