NEW DELHI, Jan 20: Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 7.70, or 0.86 per cent, to Rs 890.50 per kg in a business turnover of 3,361 lots.
Similarly, the metal for delivery in February lost Rs 7.30, or 0.81 per cent, at Rs 897.20 per kg in 255 lots.
Market analysts said speculators trimmed their positions in tandem with a lower global trend that put pressure on nickel prices at futures trade.
Meanwhile, the metal lost 1.4 per cent to USD 14,494 a tonne on the London Metal Exchange. (AGENCIES)
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