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New Delhi, May 28 (PTI) Nickel futures dipped by Rs 3.20, or 0.32 per cent at Rs 1,007.40 per kg today, as speculators booked profits amid a weak trend at global markets. Subdued demand for the metal at domestic spot markets also put pressure on the nickel prices in futures market here. At the Multi Commodity Exchange counter, nickel for delivery in May contract traded Rs 3.20, or 0.32 per cent, down at Rs 1,007.40 per kg, with an open interest of 8,467 lots. The metal for delivery in June contract also fell by Rs 2.80, or 0.28 per cent, to Rs 1,013.60 per kg, with an open interest of 5,122 lots. At the London Metal Exchange, nickel dipped by USD 150 or 0.69 per cent to USD 21,650 per tonne. Market analysts said apart from profit taking by speculators after yesterday''s recovery, weak trend in base metals at the London Metal Exchange also weighed on the nickel prices.
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