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Nickel futures traded 0.58 per cent lower at Rs 1,180.60 a kg today taking weak cues from the global markets along with a subdued domestic demand.
At the Multi Commodity Exchange, nickel for delivery in April fell by Rs 6.90 or 0.58 per cent to Rs 1,180.60 a kg, with a business turnover of 2,481 lots.
Likewise, the metal for delivery in May lost Rs 6.50 or 0.54 per cent to Rs 1,191 a kg, with a business turnover of 824 lots.
Analysts said besides subdued demand at the domestic spot markets, a weak trend in base metals at the London Metal Exchange, ahead of outcome of the Federal Reserve meeting on interest rates, led to the fall in prices.
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