NEW DELHI: Amid a weak trend in the global markets and subdued domestic demand, nickel fell 0.40 per cent to Rs 837.90 per kg in futures trade today as speculators reduced their positions. At the Multi Commodity Exchange, nickel for delivery in May eased by Rs 2.50, or 0.40 per cent, to Rs 837.90 per kg in a business turnover of 694 lots. The metal for delivery in June also down by Rs 3.30, or 0.39 per cent, to Rs 845 per kg in a turnover of 57 lots. Globally, nickel dropped 0.5 per cent to USD 15,280 per tonne at the London Metal Exchange (LME). Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metals at the LME even as an unexpected gain in US retail sales eased concern that slowing industrial growth in China will curb demand for metals.

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