Nickel futures decline on sluggish demand


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

Japan December 2022 unemployment rate 2.5% (expected 2.5%)
Australia introduces classification for crypto assets
USD/CHF licks its wounds after the biggest daily fall in 10 weeks, focus on Fed Chair Powell
🔴Live Forex Trading Scalping 1 Minute Entries (GOLD, GBPJPY, NAS100) – Jan 31th 2023
Explosions reported in several places in Iran