Nickel futures slide on tepid demand

New Delhi, Jan 27 (PTI) Nickel prices on Wednesday fell by 1.37 per cent to Rs 1,316 per kg in futures trade 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 18.30, or 1.37 per cent, to Rs 1,316 per kg with a business turnover of 1,930 lots.

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