NEW DELHI: Nickel traded lower by Rs 8.20 to Rs 970.30 per kg in futures trade today as speculators booked profits at prevailing higher levels, fall in demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in October traded lower by Rs 8.20, or 0.84 per cent to Rs 970.30 per kg in business turnover of 8,644 lots.
In a similar fashion, the metal for delivery in November shed Rs 7.70, or 0.78 per cent, to Rs 976.80 per kg in 549 lots.
Market analysts said besides profit-booking at prevailing higher, fall in demand in the spot market, mainly kept pressure on nickel futures.
