At the Multi Commodity Exchange, nickel for delivery in current month declined by Rs 3.70, or 0.39 per cent, to Rs 941.50 per kg in a business turnover of 10,006 lots.
The metal for delivery in February shed Rs 3.40, or 0.36 per cent, to Rs 949.10 per kg in 308 lots.
Analysts said the fall in nickel prices in futures trade was largely in tandem with a weakening trend at the domestic market due to low demand from alloy-makers.
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