 "Nickel down 0.7% on overseas trends")
Nickel futures for April contract dropped by Rs 4, or 0.67%, to Rs 889.90 per kg in 716 lots.
At the Multi Commodity Exchange (MCX), the May contract also fell by Rs 6.10, or 0.67%, to Rs 898.20 per kg in 102 lots.
Prices fell as speculators reduced their positions.
Weakening trend in the base metals at LME as record unemployment in Europe added to concern that demand will weaken amid signs of slowing growth in China affected the trade.
At the Multi Commodity Exchange (MCX), the May contract also fell by Rs 6.10, or 0.67%, to Rs 898.20 per kg in 102 lots.
Prices fell as speculators reduced their positions.
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At the London Metal Exchange (LME), nickel dropped 1.7% to $16,380 a tonne.
Weakening trend in the base metals at LME as record unemployment in Europe added to concern that demand will weaken amid signs of slowing growth in China affected the trade.