Nickel prices fell by Rs 8.50, or 0.93 per cent, to Rs 908.60 per kg in futures trade after traders reduced their positions at prevailing levels.
Weak trend at the physical markets due to slack demand from alloy-makers also put some pressure on the nickel prices in futures trade.
At the Multi Commodity Exchange counter, nickel for August contract fell by Rs 8.50, or 0.93 per cent, to Rs 908.60 per kg, with a turnover of 1,454 lots.
The metal for delivery in July contract also traded Rs 7.90, or 0.87 per cent lower, at Rs 903.80 per kg, clocked a turnover of 17,643 lots.
Market analysts said weak trend at the spot markets on fall in demand from consuming industries dragged down the nickel prices in futures trade.
