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Nickel futures fall on low demand

Press Trust of India  |  New Delhi 

Nickel prices fell 0.3 per cent to Rs 836.90 per kg in futures trade Thursday as speculators booked profits amid subdued demand at the spot market.

On the Multi Commodity Exchange, nickel for delivery in the current month contracts traded lower by Rs 2.5, or 0.3 per cent, to Rs 836.90 per kg in a business turnover of 8,735 lots.

The metal for delivery in June contracts also dipped by 0.45 per cent, or Rs 3.60, to trade at Rs 880.90 in a business turnover of 2,270.

Analysts said, a weak trend at the spot market on low demand from alloy-makers mainly weighed on nickel prices here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 30 2019. 13:50 IST