Tracking weak trend in the global markets, nickel continued its slide in futures trading today with prices falling by another Rs 14.10 or 1.37 per cent to Rs 1,014.10 per kg.
Fall in demand from alloy-makers and other consumers at the physical markets also cast its shadow on the nickel futures prices.
At the Multi Commodity Exchange counter, nickel for delivery in far-month October contracts lost Rs 14.10 or 1.37 per cent at Rs 1,014.10 per kg, with a turnover of 33 lots.
In similar fashion, nickel for delivery in current month contracts also fell by Rs 12.30 or 1.21 per cent to Rs 1003.20 per kg in a turnover of 4,920 lots.
Delivery in September contracts shed Rs 12.20 or 1.19 per cent at Rs 1,010 per kg, clocking a turnover of 419 lots.
At the London Metal Exchange, nickel fell sharply by $635, or 2.86 per cent to $21,565 per tonne.
Market analysts attributed fall in nickel futures to overnight losses in most of the base metals after disappointing trade data from the US raised worries about growth in the world's biggest economy.
Besides, slackness in demand from alloy-makers at domestic physical market also put pressure on the nickel prices in futures trade.
