On the Multi Commodity Exchange, nickel contracts for February delivery fell by Rs 4, or 0.43 per cent, to Rs 928.30 per kg with a business turnover of 962 lots.
Similarly, nickel contracts for March delivery dropped by Rs 3.20, or 0.34 per cent, to Rs 927.30 per kg in 2,431 lots.
Analysts said subdued demand at spot market mainly led to fall in nickel prices here. VHP SHWSHW