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Nickel futures for May gained Rs 2.70, or 0.34%, to Rs 791.80 per kg in 6,800 lots.
At the Multi Commodity Exchange (MCX), the June contract rose by Rs 2.10, or 0.26%, to Rs 798.80 per kg in 459 lots.
Prices moved down as speculators reduced their position amid subdued spot demand even as metal strengthened overseas.
Weak demand from alloy-makers mainly put pressure on the nickel futures trade.
Firming trend overseas limited the fall.
Globally, Nickel traded a shade higher at $14,839 per tonne.
