Nickel prices were down by 1.02 per cent at Rs 679.90 per kg in futures trade today as participants locked in gains amid subdued demand at the spot market.
At Multi Commodity Exchange, nickel for delivery in the current month was trading lower by Rs 7, or 1.02 per cent, to Rs 679.90 per kg in a business turnover of 1,186 lots.
The metal for delivery in October also lost Rs 6.80, or 0.98 per cent, to Rs 686.40 per kg in a turnover of 70 lots.
Analysts said the fall in metal in futures trade is mostly attributed to profit-booking at the existing levels and muted demand at the domestic spot market.
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