Nickel futures decline on sluggish demand

News

NEW DELHI: Nickel prices fell 0.24 per cent to Rs 1,299.50 per kg in the futures trade on Monday after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for the May delivery traded lower by Rs 3.10, or 0.24 per cent, to Rs 1,299.50 per kg with a business turnover of 1,881 lots.

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

Articles You May Like

NZD/USD Price Analysis: Bulls moving in for possible run towards trendline resistance
US major indices close mixed. Dow closes down for the 5th day in a row. Nasdaq soars.
Forex Today: Quiet start to the week packed with key events
Debt ceiling deal nears as McCarthy cites progress
Dollar Retains Weekly Lead But Started Losing Momentum