Nickel futures on Thursday declined by Rs 10.60 to Rs 1,004.90 per kg due to reducing of positions by speculators amid sluggish demand at the spot market.
On the Multi Commodity Exchange, nickel contracts for January delivery fell by Rs 10.60, or 1.04 per cent, to Rs 1,004.90 per kg with a business turnover of 3,121 lots.
Similarly, nickel contracts for February delivery dropped by Rs 11.50, or 1.15 per cent, to Rs 987.40 per kg in 315 lots.
Analysts said subdued demand in spot market mainly led to fall in nickel futures prices here.
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