At Multi Commodity Exchange, nickel for delivery in the current month was trading lower by Rs 7, or 1.02 per cent, to Rs 679.90 per kg in a business turnover of 1,186 lots.
The metal for delivery in October also lost Rs 6.80, or 0.98 per cent, to Rs 686.40 per kg in a turnover of 70 lots.
Analysts said the fall in metal in futures trade is mostly attributed to profit-booking at the existing levels and muted demand at the domestic spot market.