Nickel futures slide on muted demand

Nickel prices on Monday fell 0.84 per cent to Rs 859.10 per kg in futures trade after participants offloaded their positions amid weak demand at spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery traded down by Rs 7.30, or 0.84 per cent, to Rs 859.10 per kg with a business turnover of 1,233 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel prices here.