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Nickel futures today traded lower by 0.39% to Rs 822.30 per kg largely in tune with a weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in June weakened by Rs 3.20, or 0.39%, to Rs 822.30 per kg in business turnover of 988 lots.
Similarly, nickel for delivery in July traded lower by Rs 2.40, or 0.29%, to Rs 830.80 per kg in 542 lots.
Globally, nickel was little changed at $13,836 per tonne at the London Metal Exchange.
Market analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend overseas following signs of slowing in China and uncertainty about the future of stimulus in the US, mainly weighed on nickel prices at futures trade here.
