Nickel futures fall on tepid demand
Nickel prices fell by Rs 8 to Rs 1,254.50 per kg in futures trade on Friday as speculators trimmed their positions on weak spot demand.
On the Multi Commodity Exchange, nickel for delivery in October declined by Rs 8, or 0.63 per cent, to Rs 1,254.50 per kg in a business turnover of 12,805 lots.
Similarly, the metal for delivery in November fell by Rs 9.90, or 0.79 per cent, to Rs 1,242.80 per kg in 699 lots.
Muted demand from alloy makers in the spot market mainly weighed on nickel future prices, analysts said.
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