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Nickel prices fell by 1.15% to Rs 903 per kg in futures trade today as speculators booking profits driven by subdued demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in December month fell by Rs 12.50, or 1.15%, to Rs 903 per kg in single lot.
Similarly, the metal for delivery in November traded lower by Rs 2, or 0.22%, to Rs 898.10 per kg in 375 lots.
Market analysts said besides profit bookings by speculators, sluggish demand from alloy-maker in the spot market mainly led to fall in nickel prices in futures trade.
