Nickel drop by 0.9% on profit-booking
Speculators locked in gains amid a weak trend overseas
 "Nickel drop by 0.9% on profit-booking")
Nickel futures prices today dropped 0.87% to Rs 663 per kg as speculators locked in gains amid a weak trend overseas.
At Multi Commodity Exchange, nickel prices for delivery in September dropped Rs 6.40, or 0.87%, to Rs 663 per kg in a business turnover of 332 lots.
Metal prices for delivery in October contracts fell Rs 5.70, or 0.84%, to trade at Rs 670.80 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas and worries over China's economic slowdown kept pressure on nickel futures.
At Multi Commodity Exchange, nickel prices for delivery in September dropped Rs 6.40, or 0.87%, to Rs 663 per kg in a business turnover of 332 lots.
Metal prices for delivery in October contracts fell Rs 5.70, or 0.84%, to trade at Rs 670.80 per kg in a turnover of 28 lots.
Market analysts said besides profit-booking, a weak trend in base metals overseas and worries over China's economic slowdown kept pressure on nickel futures.