At the Multi Commodity Exchange, nickel for delivery in September fell by Rs 3.50, or 0.46 per cent, to Rs 751.20 per kg, in a business turnover of 182 lots.
Likewise, the metal for delivery in August shed Rs 3.30, or 0.44 per cent, to Rs 747.20 per kg in 536 lots.
Analysts said offloading of positions by participants on the back of sluggish demand from alloy-makers in the spot market, mainly weighed on nickel prices at futures trade.