 "Nickel down 0.7% on subdued demand")
Amid a weak trend overseas and subdued demand at domestic spot markets from alloy-makers, nickel prices fell by 0.68% to Rs 977 per kg in futures trading today.
At the Multi Commodity Exchange, nickel for delivery in January month declined by Rs 6.70, or 0.68% to Rs 977 per kg in business turnover of 1,435 lots.
Similarly, the metal for delivery in February contract moved down by Rs 6.20, or 0.68% to Rs 983.60 per kg in 22 lots.
Marketmen said apart from low demand from alloy-makers at domestic spot markets, metal's weakness at the London Metal Exchange (LME) put pressure on nickel prices at futures trade here.
At the Multi Commodity Exchange, nickel for delivery in January month declined by Rs 6.70, or 0.68% to Rs 977 per kg in business turnover of 1,435 lots.
Similarly, the metal for delivery in February contract moved down by Rs 6.20, or 0.68% to Rs 983.60 per kg in 22 lots.
Marketmen said apart from low demand from alloy-makers at domestic spot markets, metal's weakness at the London Metal Exchange (LME) put pressure on nickel prices at futures trade here.