On the Multi Commodity Exchange, nickel contracts for March delivery fell by Rs 11, or 1.15 per cent, to Rs 948.30 per kg with a business turnover of 1,726 lots.
Similarly, nickel contracts for April delivery dropped by Rs 9.30, or 0.97 per cent, to Rs 951.20 per kg in 12 lots.
Analysts said subdued demand at spot market mainly led to fall in nickel prices here. VHP SHWSHW