NEW DELHI: Amid a weak trend overseas and subdued domestic demand, nickel prices fell 0.60 per cent to Rs 817.60 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, nickel for delivery in May eased by Rs 4.90, or 0.60 per cent, to Rs 817.60 per kg in a business turnover of 1,248 lots.
The metal for delivery in June also down by Rs 4.60, or 0.55 per cent, to Rs 825 per kg in a turnover of 249 lots.
Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metals at the Shanghai Futures Exchange on speculation that Chinese leaders' tolerance for a slower growth rate will curb demand growth at the largest user.
Besides, absence of cues from the London Metal Exchange, which is closed for a public holiday, also weighed on the prices, they said.
