Amid profit-booking by speculators, nickel prices traded lower by 0.66 per cent to Rs 740.80 per kg in futures trading today.
At the Multi Commodity Exchange, nickel for delivery in March month fell by Rs 4.90, or 0.66 per cent, to Rs 740.80 per kg in business turnover of 16 lots.
On similar lines, the metal for delivery in February contracts was trading lower by Rs 3, or 0.41 per cent, to Rs 736.70 per kg in 406 lots.
Analysts attributed the fall in nickel futures to profit-booking by participants, driven by easing demand from alloy-makers in the domestic spot market.
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