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Nickel futures prices today dropped 0.44% to Rs 900 per kg in as speculators locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, nickel prices for delivery in January dropped by Rs 4, or 0.44%, to Rs 900 per kg in a business turnover of 332 lots.
Metal prices for delivery in February contracts fell by Rs 3.80, or 0.42%, to trade at Rs 906.90 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas after data showed manufacturing contracted in China, the world's biggest consumer mainly weighed on nickel futures here.
