Nickel traded Rs 4 lower at Rs 925.60 per kg in futures trading today after traders preferred to book profits following yesterday's gains amid weak overseas trend influenced by concerns over American economy.
Slackened demand from alloy-makers also put some pressure on the nickel prices in futures trade.
At the Multi Commodity Exchange counter, nickel for September contract fell by Rs 4 or 0.43 per cent, to Rs 925.60 per kg, with a turnover of 114 lots.
The metal for delivery in July contract also traded Rs 3.10 or 0.34 per cent lower, at Rs 914.80 per kg, clocking a turnover of 17,747 lots.
Market analysts said besides profit-taking by speculators, weak trend at global market on fears that the global demand may decline after Federal Reserve Chairman Ben S Bernanke said the US economic outlook was unusually uncertain, led to the fall in Nickel futures prices.