Nickel prices fell by 0.87 per cent to Rs 836.20 per kg in futures trade today as speculators cut their positions, taking negative cues from spot market on easing demand.
At the Multi Commodity Exchange, nickel for delivery in March declined by Rs 7.30, or 0.87 per cent, to Rs 836.20 per kg in business turnover of 1,156 lots.
Likewise, the metal for delivery in April contracts was trading lower by Rs 7, or 0.83 per cent, to Rs 840.40 per kg in 252 lots.
Market analysts said trimming of positions by participants on the back of low demand from alloy-makers in the physical market weighed on nickel futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app