Nickel futures slide on tepid demand

New Delhi, April 15 (PTI) Nickel prices fell 0.97 per cent to Rs 1227.40 per kg in futures trade on Thursday after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery traded lower by Rs 12, or 0.97 per cent, to Rs 1227.40 per kg with a business turnover of 1,614 lots.

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