Nickel futures soften 0.19% on profit-booking

Nickel prices were down by 0.19 per cent to Rs 842 per kg in futures trading today as speculators booked profit at prevailing levels.

At the Multi Commodity Exchange, nickel for delivery in April fell by Rs 1.60, or 0.19 per cent to Rs 842 per kg in business turnover of 1,556 lots.

In a similar fashion, the metal for delivery in March was trading lower by Rs 1.40, or 0.17 per cent to Rs 837.30 per kg in 4,436 lots.

Market analysts attributed the weakness in nickel futures to profit-booking by participants at existing levels.