At the Multi Commodity Exchange, nickel for delivery for current month was trading Rs 5.70, or 0.81 per cent, down at Rs 700.70 per kg in a business turnover of 494 lots.
The metal for delivery in January next year too fell by Rs 5.30, or 0.75 per cent, to trade at Rs 706.10 per kg in a turnover of 7 lots.
Analysts attributed the fall in nickel prices in futures trade mostly to unwinding of positions by participants in line with a weakening trend in base metals at the domestic spot markets due to slackened demand from consuming industries, particularly alloy-makers.
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