Lead prices declined by 1.16 per cent to Rs 123.40 per kg in futures trading today as speculators booked profits at prevailing higher levels amid a weak global trend.
At the Multi Commodity Exchange, lead for delivery in May fell by Rs 1.45, or 1.16 per cent, to Rs 123.40 per kg in a business turnover of 6,797 lots.
Likewise, the metal for delivery in June traded lower by Rs 1.45, or 1.15 per cent, to Rs 124.50 per kg in 109 lots.
Marketmen said besides profit-booking at existing higher levels, low demand from battery-makers and a weak trend in other base metals at the London Metal Exchange as investors await housing data from the US, the world's second-biggest consumer, mainly led to a fall in lead prices at futures trade.
