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Nickel futures marginally down on subdued demand

Metal for delivery in August also shed 0.04%

Press Trust of India New Delhi
Last Updated : Aug 04 2014 | 1:47 PM IST
Nickel futures traded a shade lower at Rs 1,131.40 per kg today as participants kept their positions restricted amidst sluggish demand from alloy-makers in the domestic spot market.

At the Multi Commodity Exchange, nickel for delivery in September fell by 70 paise, or 0.06%, to Rs 1,131.40 per kg in a business turnover of 18 lots.

The metal for delivery in August also shed 50 paise, or 0.04%, to Rs 1,126.20 per kg in a turnover of 858 lots.

Market analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend at domestic market due to subdued demand from alloy-makers.

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First Published: Aug 04 2014 | 11:54 AM IST

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