Nickel down 0.2% on global trends, profit-booking

Metal for delivery in June traded lower by 0.18%

Nickel futures today traded lower by 0.22% to Rs 1,113.60 per kg largely in tune with a weakening trend overseas amid profit-booking by speculators.

At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 2.50 paise, or 0.22%, to Rs 1,113.60 Per kg in business turnover of 17 lots.

Similarly, the metal for delivery in June traded lower by Re 1, or 0.18%, to Rs 1,109.10 per kg in 866 lots.

Market analysts said apart from profit-booking by speculators, metal's weakness at the London Metal Exchange mainly weighed on nickel prices at futures trade here.