Nickel futures slide on tepid demand

News

New Delhi: Nickel prices fell 0.32 per cent to Rs 1,169.10 per kg in futures trade on Thursday as participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery traded lower by Rs 3.70, or 0.32 per cent, at Rs 1,169.10 per kg with a business turnover of 1,051 lots.
Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.

Articles You May Like

Gold price steady amidst rumors on trump mulling universal tariffs
Oil heads for weekly gains on colder weather, Chinese policy support
Here is our third-quarter earnings report card for 33 stocks in the portfolio
Gold slips from three-week high as strong dollar weighs
World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues

Leave a Reply

Your email address will not be published. Required fields are marked *