Nickel futures traded 0.55 per cent lower at Rs 701.20 per kg today as participants reduced their exposure to book profits.
At the Multi Commodity Exchange, nickel for delivery in current month fell Rs 3.90, or 0.55 per cent, to Rs 701.20 per kg, in a business turnover of 634 lots.
Also, metal for delivery in October was trading Rs 3.70, or 0.52 per cent lower, at Rs 706.30 per kg in 47 lots.
Market analysts said profit-booking and trimming of positions mainly weighed on nickel futures.
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