Nickel futures traded Rs 19.20 or 2.18 per cent lower at Rs 882.40 per kg, as speculators offloaded their positions, triggered by subdued demand in spot markets.
Weak trend at global markets on worries because of the slowing economic growth in China, put pressure on the nickel futures.
At the Multi Commodity Exchange counter, nickel for delivery in July contract traded Rs 19.20, or 2.18 per cent, down at Rs 863.20 per kg, with a turnover of 516 lots.
The metal for delivery in June also fell sharply by Rs 18.90, or 2.16 per cent, to Rs 858.80 per kg, clocking a business turnover of 5,392 lots.
Market analysts said a weakening trend in base metals pack at global markets and sluggish demand from the domestic alloy manufacturers, kept pressure on the nickel futures prices here.
