Nickel prices fell by 0.45 per cent to Rs 1,030 per kg in futures trading today after speculators booked profits amid weak trend overseas.
Off-loading of positions in view of monthly expiry also weighed down on nickel futures prices.
At the Multi Commodity Exchange counter, nickel for November delivery fell by Rs 4.80, or 0.45 per cent, to Rs 1,030 per kg, with a business turnover of just one lot.
Similarly, the metal for delivery in current-month October, declined by Rs 4.60, or 0.43 per cent, to Rs 1,017.90 per kg, with a trade volume of five lots.
Marketmen said apart from profit booking by speculators, winding up of positions ahead of monthly expiry and weak trend in copper and other base metals at the London Metal Exchange, also put pressure on nickel futures here.
