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NEW DELHI: Nickel prices on Friday declined 0.01 per cent to Rs 1,410 per kg in the futures trade after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for the September delivery traded lower by 20 paise, or 0.01 per cent, to Rs 1,410.50 per kg with a business turnover of 1,772 lots.

Analysts said subdued demand in the spot market mainly led to the fall in nickel futures prices.

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