Nickel futures slide on tepid demand

Nickel prices fell 0.74 per cent to Rs 1,308 per kg in futures trade on Tuesday after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery traded lower by Rs 9.80, or 0.74 per cent, at Rs 1,308 per kg with a business turnover of 2,033 lots.

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

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