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NEW DELHI: Nickel prices were down by 1.61 per cent on the Multi Commodity Exchange on Friday on profit-taking by speculators at higher levels. The most-active August contract for nickel traded 1.41 per cent down at Rs 782.70 a kg. It attracted business volume of 2,161 lots.

Similarly September contract fell by 1.61 per cent at Rs 796.50 a kg with a business volume of 143 lots. Traders said nickel, which surged over 5 per cent yesterday after reports that Australia's Minara Resources Ltd deferred its expansion plan, attract ed profit-taking at an attractive higher levels pulling down the prices. In spot trading, the metal traded higher at Rs 794 a kg at Mumbai. - PTI

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