Nickel futures were trading lower during the noon trade in the domestic market on Friday due to reducing of positions by speculators amid sluggish demand at the spot market.

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

At the MCX, nickel futures for November 2019 contract is trading at Rs 1112.50 per kg, down by 0.78 per cent, after opening at Rs 1122.00, against a previous close of Rs 1121.20. It touched the intra-day low of Rs 1124.90 (at 14:20 hours).