Nickel futures slip on muted demand

Nickel prices on Thursday fell 0.66 per cent to Rs 855 per kg in futures trade after participants offloaded their positions amid weak demand at spot market.

On the Multi Commodity Exchange, nickel contracts for March delivery traded down by Rs 5.70, or 0.66 per cent, to Rs 855 per kg with a business turnover of 5 lots.

Similarly, nickel contracts for April delivery eased by Rs 15.20, or 1.75 per cent, to Rs 855.20 per kg in 1,560 lots.

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