 "Nickel falls by 0.3% on muted spot demand")
Nickel prices drifted by 0.28% to Rs 571.50 per kg in futures trading today as traders reduced positions, tracking a weak trend at spot market on sluggish demand from consuming industries.
At the Multi Commodity Exchange, nickel for delivery in April declined by Rs 1.60, or 0.28% to Rs 571.50 per kg in a business turnover of 1,224 lots.
On similar lines, metal for delivery in May traded lower by Rs 1.40, or 0.24% to Rs 577.50 per kg in 27 lots.
Market analysts said the fall in nickel prices in futures trade was mostly on weak trend at spot market on subdued demand from alloy-makers but metal's gain overseas, capped the losses.
At the Multi Commodity Exchange, nickel for delivery in April declined by Rs 1.60, or 0.28% to Rs 571.50 per kg in a business turnover of 1,224 lots.
Read more from our special coverage on "NICKEL PRICES"
On similar lines, metal for delivery in May traded lower by Rs 1.40, or 0.24% to Rs 577.50 per kg in 27 lots.
Market analysts said the fall in nickel prices in futures trade was mostly on weak trend at spot market on subdued demand from alloy-makers but metal's gain overseas, capped the losses.