 "Nickel down marginally on subdued demand")
Amid a weak trend in the global markets and subdued domestic demand, nickel fell marginally by 0.07% to Rs 825.70 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange (MCX), the June contract eased by 60 paise, or 0.07%, to Rs 825.70 per kg in 220 lots.
The May contract also down by 60 paise, or 0.06%, to Rs 818 per kg in 1,035 lots.
Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metals at the LME on concern that slowing economic growth in China may curb demand in the world's biggest consumer of metals.
At the Multi Commodity Exchange (MCX), the June contract eased by 60 paise, or 0.07%, to Rs 825.70 per kg in 220 lots.
The May contract also down by 60 paise, or 0.06%, to Rs 818 per kg in 1,035 lots.
Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metals at the LME on concern that slowing economic growth in China may curb demand in the world's biggest consumer of metals.