Nickel futures fell by 0.16 per cent to Rs 1,073.20 per kg today amid profit-booking by speculators and a weak trend overseas.
Market analysts said a weak trend in base metals on the London Metal Exchange and the firm US dollar led to a slowdown in demand in the spot market, which put pressure on nickel futures prices at home.
At the Multi Commodity Exchange counter, nickel contracts for October delivery fell by Rs 1.70, or 0.16 per cent, to Rs 1,073.20 per kg in a turnover of 2,466 lots.
In a similar fashion, November delivery nickel futures also shed Rs 1.60, or 0.15 per cent, to Rs 1,080.20 per kg, with a turnover of 138 lots.
