Amid a weakening trend at the London Metal Exchange and sluggish domestic demand, nickel futures fell by 0.27% to Rs 940.40 per kg today.
At the Multi Commodity Exchange, nickel for delivery in August shed Rs 2.50, or 0.27%, to Rs 940.40 per kg, with a business turnover of 77 lots.
The July contract declined by Rs 1.10, or 0.12%, to Rs 934.30 per kg in 2,249 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) after China's manufacturing expanded at the weakest pace in seven months, and South Korea cut its estimate for export growth this year, mainly put pressure on the nickel prices at futures trade.
Further, subdued demand from alloy-makers also had weighed on metal prices, they said.
Globally, nickel fell 0.5% to USD 16,656 per tonne at the LME.