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Nickel prices shed 0.46% to Rs 931.30 per kg in futures trading today as speculators reduced positions amid a weak trend at spot market on subdued demand from consuming industries.
At the Multi Commodity Exchange, nickel for delivery in February fell by Rs 4.30, or 0.46%, to Rs 931.30 per kg in a business turnover of 275 lots.
Likewise, the metal for delivery in March shed Rs 4.20, or 0.45%, to Rs 938.80 per kg in three lots.
Analysts said offloading of positions by speculators on the back of subdued demand from alloy makers in the spot market weakened trading sentiments here.
