At the Multi Commodity Exchange platform, nickel futures for delivery in October traded lower by Rs 12.20, or 0.81 per cent, to Rs 1,032 per kg, with a turnover of 213 lots.
The metal for delivery in September-month contract also eased by Rs 15.80, or 0.78 per cent, to Rs 1,024.30 per kg, with a turnover of 3,499 lots.
Marketmen said apart from profit-booking by speculators at prevailing levels, slack demand and weak trend in base metals overseas, also attributed to the fall in nickel futures prices here.