Nickel futures traded 0.56 per cent down at Rs 654.20 per kg today as speculators reduced their exposure, in keeping with a weak trend at the domestic spot market due to low demand.
Besides, profit-booking weighed on sentiment.
At Multi Commodity Exchange, nickel for delivery this month shed Rs 3.70, or 0.56 per cent, to Rs 654.20 per kg in a business turnover of 1,192 lots.
The metal for delivery in September too fell by Rs 3.10, or 0.47 per cent, to trade at Rs 659 per kg in 21 lots.
Market analysts said the fall in nickel prices was mostly in tune with a weak trend in base metals at the domestic markets due to sluggish demand.
Copper prices moved down by 0.34 per cent to Rs 406.80 per kg in futures trade today as speculators cut down their bets amid subdued demand at the spot market.
Copper for delivery in August shed Rs 1.40, or 0.34 per cent, to Rs 406.50 per kg, in a business turnover of 10 lots at Multi Commodity Exchange.
Likewise, the metal for delivery in November traded lower by Rs 1.20, or 0.29 per cent, to Rs 413.15 per kg in 10 lots.
Analysts said copper prices fell in line with a weak trend in industrial metals following sluggish demand from consuming industries at the domestic spot market.
Lead prices eased by 0.30 per cent to Rs 148.75 per kg in futures trade today as participants cut down their bets amid muted demand at the domestic spot market.
Besides, profit-booking weighed on the prices.
At Multi Commodity Exchange, lead for delivery in August was trading down 45 paise, or 0.30 per cent, at Rs 148.75 per kg in a business turnover of 443 lots.
The metal for delivery September also fell by 50 paise, or 0.30 per cent, to trade at Rs 149.45 per kg with a business volume of 38 lots.
Marketmen said that apart from muted demand from battery- makers at domestic markets, profit-booking by participants kept pressure on lead futures here.