Nickel futures slide on tepid demand

New Delhi, Jul 1 (PTI) Nickel prices on Wednesday fell 0.23 per cent to Rs 972.80 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for July delivery traded down by Rs 2.20, or 0.23 per cent, to Rs 972.80 per kg with a business turnover of 1,507 lots.

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