Nickel futures slide on tepid demand
Mar 12, 2020, 13:35 IST
New Delhi, Mar 12 () Nickel prices on Thursday fell 1.07 per cent to Rs 923 per kg in futures trade after participants trimmed their positions amid weak demand in spot market.
On the Multi Commodity Exchange, nickel contracts for March delivery fell by Rs 10, or 1.07 per cent, to Rs 923 per kg with a business turnover of 3,702 lots.
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Similarly, nickel contracts for April delivery dropped by Rs 10.10, or 1.08 per cent, to Rs 922 per kg in 65 lots.
Analysts said subdued demand in spot market mainly led to the fall in nickel prices here. VHP RVK(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)