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Nickel futures weaken on profit-booking, muted demand

Press Trust of India  |  New Delhi 

prices fell by 0.33 per cent to Rs 731.30 per kg in futures trade today as speculators cut down bets amid sluggish at the physical markets.

Besides, profit-booking at existing level put pressure on the prices.


At the Multi Commodity Exchange, for delivery in November was trading down by Rs 2.40, or 0.33 per cent, at Rs 731.30 per kg, in a business turnover of two lots.

The for delivery in October was also trading down by Rs 1.90, or 0.26 per cent to trade at Rs 726 per kg, in a turnover of 751 lots.

Analysts said the fall in prices was mostly in line with a weak trend at the domestic spot markets due to subdued from alloy-makers and profit-booking by participants at prevailing levels.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 10:42 IST
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