 "Nickel falls by 0.1% on global cues")
Taking weak cues from overseas market and subdued demand at the domestic spot market, nickel prices fell 0.15% to Rs 681.90 per kg in futures trade today as participants cut down their bets.
At Multi Commodity Exchange, nickel for delivery in October was trading lower by Re 1, or 0.15%, to Rs 681.90 per kg, in a business turnover of 1,116 lots.
The metal for delivery in November also shed 30 paise, or 0.04%, to Rs 688.10 per kg, in a turnover of 428 lots.
Besides subdued demand from alloy-makers at the spot market, weighed on metal prices, they said.
At Multi Commodity Exchange, nickel for delivery in October was trading lower by Re 1, or 0.15%, to Rs 681.90 per kg, in a business turnover of 1,116 lots.
The metal for delivery in November also shed 30 paise, or 0.04%, to Rs 688.10 per kg, in a turnover of 428 lots.
Also Read
Analysts said the fall is mostly in line with a weakening trend in the base metals pack at the London Metal Exchange (LME) after the US Federal Reserve signaled it may raise interest rates as early as December, strengthening the dollar.
Besides subdued demand from alloy-makers at the spot market, weighed on metal prices, they said.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%