At the Multi Commodity Exchange, nickel for delivery in June was trading down by Rs 3.90, or 0.66 per cent, at Rs 589.70 per kg, in a business turnover of 76 lots.
The metal for delivery in May was also down by Rs 3.70, or 0.63 per cent, at Rs 583.70 per kg, in a turnover of 1,327 lots.
Analysts said the fall in nickel prices was mostly in line with a weakening trend at the domestic spot markets owing to muted demand from alloy-makers, even as metal showed strength at the London Metal Exchange (LME).
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