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Amid profit-bookings by speculators and weak global trend, nickel prices softened by 0.41% to Rs 834.20 per kg in futures market today.
At the Multi Commodity Exchange (MCX), the June contract declined by Rs 3.40, or 0.41% to Rs 834.20 per kg in 844 lots.
The May contract traded lower by Rs 3, or 0.36% to Rs 827.40 per kg in 5,228 lots.
Market analysts said besides profit-bookings by speculators, weak trend in overseas market mainly influenced nickel prices at futures trade.
Meanwhile, nickel slid 0.3% to $14,900 a tonne on the London Metal Exchange (LME).
