NEW DELHI, Jan 27: Nickel prices fell by 0.63 per cent to Rs 900.90 per kg in futures trade today as speculators trimmed their positions, taking a negative cues from overseas markets.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 5.50, or 0.63 per cent, to Rs 900.90 per kg in business turnover of 2,372 lots.
Similarly, the metal for delivery in February declined by Rs 5.20, or 0.57 per cent, to Rs 907.60 per kg in 463 lots.
Analysts attributed the fall in nickel futures to a weak global trend on speculation that Indonesia, may not impose a complete ban on ore shipments, easing supply concern, mainly influenced nickel prices at futures trade.
Meanwhile, nickel for delivery in three months lost 0.9 per cent to 14,354 dollar a metric tonne, the lowest level since January 20 on the London Metal Exchange. (AGENCIES)
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