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Nickel prices eased by 0.11% to Rs 1,169.10 per kg in futures trade today amid a weakening trend at the London Metal Exchange and sluggish demand from alloy-makers in the domestic spot market.
At the Multi Commodity Exchange, nickel for delivery in August shed Rs 1.30, or 0.11%, to Rs 1,169.10 per kg in a business turnover of 31 lots.
The metal for delivery in July also fell by Rs 1.20, or 0.10%, to Rs 1,162.50 per kg in a turnover of 483 lots.
Market analysts said the fall in nickel prices at futures trade was mostly in tune with a weakening trend in metal overseas and subdued demand from alloy-makers at the domestic spot markets.
