Nickel prices fell marginally by Re one, or 0.11 per cent, to Rs 912.30 per kg in futures trade after traders locked-in gains at prevailing levels.
Weak trend at the physical markets due to slack demand from alloy makers and overnight losses at the London Metal Exchange kept pressure on the nickel prices in futures trade.
At the Multi Commodity Exchange counter, nickel for August contract fell by Re one, or 0.11 per cent, to Rs 912.30 per kg, with a turnover of 124 lots.
The metal for delivery in July contract also traded Rs 0.90, or 0.10 per cent lower, at Rs 905.70 per kg, clocked a turnover of 1,617 lots.
Market analysts said apart from profit-booking, weak trend at the LME and domestic markets on fall in demand from consuming industries also led to a fall in the nickel prices in futures trade.