Nickel futures decline on sluggish demand

News

NEW DELHI: Nickel prices fell 0.24 per cent to Rs 1,299.50 per kg in the futures trade on Monday after participants offloaded their positions amid weak demand in the spot market.

On the Multi Commodity Exchange, nickel contracts for the May delivery traded lower by Rs 3.10, or 0.24 per cent, to Rs 1,299.50 per kg with a business turnover of 1,881 lots.

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

Articles You May Like

Sterling Falls on Poor PMIs, Euro Resilient
Solid Data Support Risk Sentiment, Dollar Struggles
Forexlive Americas FX news wrap: PCE data matches estimates
Monday morning open levels – indicative forex prices – 23 January 2023
Silver Price Analysis: XAG/USD is range-bound within $23.30$24.00