Nickel prices declined by 0.72 per cent to Rs 831.10 per kg in futures trade today as speculators booked profits at existing levels amid easing demand at the spot market.
At the Multi Commodity Exchange, nickel for delivery in November shed Rs 6, or 0.72 per cent to Rs 831.10 per kg in a business turnover of 2,148 lots.
Similarly, the metal for delivery in December contracts traded lower by Rs 6, or 0.71 per cent to Rs 836.20 per kg in 57 lots.
Analysts said profit-booking by participants at prevailing levels amid fall in demand from alloy-makers at the spot market, mainly influenced nickel prices at futures trade.
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