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Tracking a lower global trend, nickel prices fell by 0.86% to Rs 890.50 per kg in futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 7.70, or 0.86%, to Rs 890.50 per kg in a business turnover of 3,361 lots.
Similarly, the metal for delivery in February lost Rs 7.30, or 0.81%, at Rs 897.20 per kg in 255 lots.
Market analysts said speculators trimmed their positions in tandem with a lower global trend that put pressure on nickel prices at futures trade.
Meanwhile, the metal lost 1.4% to $14,494 a tonne on the London Metal Exchange.
