Nickel futures slide on tepid demand


NEW DELHI: Nickel prices fell 0.05 per cent to Rs 1,312.70 per kg in the futures trade on Friday after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for the June delivery traded lower by 70 paise, or 0.05 per cent, to Rs 1,312.70 per kg with a business turnover of 1,961 lots.

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

Articles You May Like

USD/CAD Price Analysis: Bears are in the market, but bulls flexing
Oil slips as economic jitters offset U.S. debt deal
XAUUSD GOLD BUY OR SELL – GBPJPY EURCAD This Week Forex Trading Strategy
France May business confidence 100 vs 101 expected
Live ( USD NEWS ) XAUUSD GOLD 5M Chart Scalping Forex Trading Strategy