Nickel prices eased 1.48 per cent to Rs 869.70 per kg in futures trade Tuesday as speculators trimmed their positions amid low demand at the spot market.
On the Multi Commodity Exchange, nickel for delivery in current month declined by Rs 11, or 1.48 per cent, to Rs 869.70 per kg in a business turnover of 9,334 lots.
Likewise, the metal for delivery in August contracts traded lower by Rs 12.80, or 1.43 per cent, to Rs 880 per kg in 556 lots.
Analysts said, profit-booking by speculators amid low demand from alloy-makers mainly weighed on nickel futures here.
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