Nickel futures slide on tepid demand

New Delhi, April 12 (PTI) Nickel prices fell 2.52 per cent to Rs 1,221.10 per kg in futures trade on Monday after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery traded lower by Rs 31.60, or 2.52 per cent, to Rs 1,221.10 per kg with a business turnover of 1,549 lots.

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