Nickel futures prices fall 0.63% on profit-booking
At the Multi Commodity Exchange, nickel for delivery in November fell by Rs 5.90, or 0.63 per cent, to Rs 928.40 per kg, with a business turnover of 690 lots.
In a similar fashion, the metal for delivery in October shed Rs 5.80, or 0.63 per cent, to Rs 921.00 per kg in 6,285 lots.
Marketmen said besides profit-booking by speculators at prevailing higher levels, subdued demand from alloy-makers in the spot market mainly pulled down nickel prices at futures trade.
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