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

Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound
OPEC+ reportedly set to hold December meeting online
Silver Price Forecast: XAG/USD remains below $30.50 after paring losses
Market Trading Guide: LTIMindtree, Tata Motors are among 5 stock recommendations for Monday
Russia deputy prime minister says oil market is balanced thanks to OPEC+

Leave a Reply

Your email address will not be published.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