Nickel futures fall on subdued demand

New Delhi, Nov 28 (PTI) Nickel futures on Thursday declined by Rs 32 to Rs 1,045.10 per kg due to reducing of positions by investors amid sluggish demand in spot market.

On the Multi Commodity Exchange, nickel contracts for November delivery fell by Rs 32, or 2.99 per cent, to Rs 1,045.10 per kg with a business turnover of 9 lots.

Nickel contracts for December delivery traded lower by Rs 13.10, or 1.25 per cent, at Rs 1,035.60 per kg in 1,670 lots.

Analysts said subdued demand in spot market mainly led to the fall in nickel prices. PTI SHW RUJ RUJ