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Nickel futures slide on subdued demand

Feb 12, 2020, 12:46 IST

PTI

New Delhi, Feb 12 () Nickel prices on Wednesday declined by Rs 5.30 to Rs 946.80 per kg in futures trade due to reducing of positions by speculators amid sluggish demand in spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery fell by Rs 5.30, or 0.56 per cent, to Rs 946.80 per kg with a business turnover of 5,283 lots.

Similarly, nickel contracts for March delivery dropped by Rs 3.20, or 0.34 per cent, to Rs 949.20 per kg in 88 lots.

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

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)