Nickel futures traded lower on MCX as participants trimmed their holdings, tracking easing demand from alloy-makers and other consuming industries at the spot market.
The contract for December delivery was trading at Rs 719.50, down by 0.25% or Rs 1.80 from its previous closing of Rs 721.30. The open interest of the contract stood at 22819 lots.
The contract for January delivery was trading at Rs 722.50, down by 0.54% or Rs 3.90 from its previous closing of Rs 726.40. The open interest of the contract stood at 719 lots on MCX.