Amid a weak trend in global markets and sluggish spot demand, nickel futures fell by Rs 6.70, or 0.67%, to Rs 988.40 per kg today.
At the Multi Commodity Exchange, September nickel fell by Rs 6.70, or 0.67%, to Rs 988.40 per kg, with a business turnover of 956 lots.
The October contract lost Rs 6.40, or 0.64%, to Rs 993.90 per kg, with a trade volume of 112 lots.
Market analysts attributed fall in copper futures to a weak trend in entire base metals at the London Metal Exchange as mounting worries about Europe's sovereign debt crisis, reducing prospects of growing demand for industrial metals.
In addition, subdued spot demand from alloy-makers also had a negative impact, they said.
Globally, nickel was down 0.2% at $21,105 per tonne at the London Metal Exchange in early trade today.
