Nickel futures traded Rs 7.40, or 0.84 per cent lower at Rs 871 per kg on weak trend in global markets amid subdued demand at spot markets.
At the Multi Commodity Exchange counter, nickel for delivery in August contract traded Rs 7.40, or 0.84 per cent, down at Rs 871 per kg, with an open interest of 130 lots.
The metal for delivery in June also fell by Rs 4.90 or 0.56 per cent, to Rs 864.40 per kg, with an open interest of 19,001 lots.
Market analysts said a weakening trend in base metals pack, at global markets on lingering euro zone's debt crisis and subdued demand from consuming industries, from alloy makers weighed down nickel prices.
Meanwhile, nickel traded 0.9 per cent down at $18,302 per tonne.
