Nickel futures slide on soft demand

New Delhi, Feb 24 () Nickel prices on Monday fell by Rs 4 to Rs 928.30 per kg in futures trade due to reducing of positions by speculators amid subdued demand at spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery fell by Rs 4, or 0.43 per cent, to Rs 928.30 per kg with a business turnover of 962 lots.

Similarly, nickel contracts for March delivery dropped by Rs 3.20, or 0.34 per cent, to Rs 927.30 per kg in 2,431 lots.

Analysts said subdued demand at spot market mainly led to fall in nickel prices here. VHP SHWSHW