Nickel futures slide on tepid demand

New Delhi, Jan 29 (PTI) Nickel prices fell 1.21 per cent to Rs 1,282 per kg in futures trade on Friday after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery traded lower by Rs 15.70, or 1.21 per cent, at Rs 1,282 per kg with a business turnover of 2,029 lots.

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