Nickel futures today traded lower by 0.23 per cent to Rs 661.60 per kg, largely in tune with a weak overseas trend amid subdued demand at domestic spot markets.
At the Multi Commodity Exchange, nickel for delivery in October contracts weakened by Rs 1.50, or 0.23 per cent, to Rs 661.60 per kg, in a business turnover of 259 lots.
Similarly, the metal for delivery in November traded lower by 80 paise, or 0.12 per cent, to Rs 668.70 per kg in 22 lots.
Analysts said besides weak demand from alloy-makers at domestic spot markets, a weak trend in base metals overseas on signs of a weak demand outlook in China, the world's biggest consumer, weighed on nickel prices in futures trade here.
