Nickel prices eased by 0.08% to Rs 912.90 per kg in futures trade today, as speculators booked profits at existing higher levels, driven by sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, the December nickel declined by 70 paise, or 0.08%, to Rs 912.90 per kg, with a business turnover of 1,934 lots.
The November delivery shed 40 paise, or 0.04%, to Rs 904.50 per kg, with a trade volume of 11,673 lots.
Market analysts attributed the fall in nickel futures prices to profit-bookings by speculators at existing higher levels, driven by weak trend at spot market on subdued demand mainly helped nickel prices to trade lower at futures trade.
