At the Multi Commodity Exchange, nickel for delivery in March contracts was trading down by Rs 5.50, or 0.76 per cent, at Rs 722.30 per kg in a business turnover of 2,079 lots.
The metal for delivery this month was also down by Rs 4.90, or 0.68 per cent, to trade at Rs 716.60 per kg in a turnover of 26,432 lots.
Analysts said that the fall in nickel prices was mostly in line with a weakening trend in metals overseas on signs of a slower-than-expected demand recovery in China after Lunar New Year holidays.
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