Nickel prices declined by 0.38 per cent to Rs 682.90 per kg in futures trade today as speculators cut down their bets, driven by easing demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in September fell by Rs 2.60, or 0.38 per cent, to Rs 682.90 per kg, in a business turnover of 701 lots.
Likewise, the metal for delivery in October shed Rs 1.90, or 0.27 per cent, to Rs 689.30 per kg in six lots.
Analysts said offloading of positions by participants on the back of sluggish demand from alloy-maker in the spot market, mainly influenced nickel prices at futures trade.
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