Nickel prices fell 0.74 per cent to Rs 1,046.40 per kg in futures trade today amid profit-booking by speculators and easing demand at the domestic spot market.
At the Multi Commodity Exchange, nickel for delivery in June fell by Rs 7.80, or 0.74 per cent, to Rs 1,046.40 per kg in a business turnover of 853 lots.
Likewise, the metal for delivery in July was trading lower by Rs 7.50, or 0.71 per cent, to Rs 1,050.70 per kg in 11 lots.
Marketmen said profit-booking by participants at current levels amid fall in demand from alloy-makers in the spot market mainly influenced nickel prices at futures trade.
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