Nickel prices declined by 0.26 per cent to Rs 972.10 per kg in futures market today as speculators booked profits, driven by easing demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in August fell by Rs 2.50, or 0.26 per cent, to Rs 972.10 per kg in business turnover of 33 lots.
Similarly, the metal for delivery in July was trading lower by Rs 2, or 0.21 per cent, to Rs 968.40 per kg in 1,419 lots.
Analysts said besides profit-booking by traders, fall in demand from alloy-makers in the physical markets weighed on nickel prices in futures trade.
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