NEW DELHI: Nickel futures prices fell by 0.30 per cent to Rs 971.90 per kg today after speculators locked-in gains amid a weakening trend in base metals overseas.
At the Multi Commodity Exchange, nickel for delivery in January traded Rs 2.90, or 0.30 per cent lower at Rs 971.90 per kg, with a business turnover of 301 lots.
Likewise, the metal for delivery in December declined by Rs 2.70, or 0.13 per cent, to Rs 965.30 per kg, with a business turnover of 2,918 lots.
Market participants said apart from sluggish demand from alloy-makers, weakness in base metals at the London Metal Exchange (LME) after China trade slowed following less-than- expected growth in its exports in November, put pressure on nickel futures here.
