Nickel futures prices today traded marginally lower by 0.07% to Rs 943 per kg, due to reduced offtake by traders on subdued demand from alloy-makers in the spot market.
A weakening trend in global markets also dampened the trading sentiment.
At the Multi Commodity Exchange, the May delivery weakened by 70 paise, or 0.07%, to Rs 943 per kg, with a business turnover of 187 lots.
The April contract traded lower by 50 paise, or 0.05%, to Rs 931.80 per kg, with a business turnover of 1,896 lots.
Market analysts said besides subdued demand from alloy- makers in the spot market, a weak trend in overseas market kept pressure on the nickel prices at futures trade.
Meanwhile, nickel was marginally down at $18,230 a tonne on the London Metal Exchange.
