Nickel futures slide on tepid demand

New Delhi, Dec 29 (PTI) Nickel prices on Tuesday fell by 0.87 per cent to Rs 1,274.80 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery traded lower by Rs 11.20, or 0.87 per cent, to Rs 1,274.80 per kg with a business turnover of 1,675 lots.

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