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Amid a weak trend in global market and subdued demand at domestic spot markets, nickel prices fell 0.26% to Rs 1,052.60 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, nickel for delivery in October traded Rs 2.70, or 0.26%, to Rs 1,052.60 per kg in a business turnover of 13 lots.
On the similar lines, the metal for delivery in November shed Rs 1.40, or 0.13%, to Rs 1,058.80 per kg in one lot.
Analysts said the fall in nickel prices at futures trade was largely in tandem with a weakening trend in the global markets and subdued demand from alloy-makers in the domestic spot markets has put pressure.
