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Nickel prices move down by 0.55 pct to INR 921.10 per kg in futures market

Similarly, the metal for delivery in September weakened by Rs 4.60, or 0.49 percent, to Rs 926.10 per kg in 42 lots.


PTI Last Updated at 06 Aug 2018, 11:08 IST India
Nickel prices move down by 0.55 pct to INR 921.10 per kg in futures market
  • Nickel prices moved down by 0.55 percent to Rs 921.10 per kg in futures market today as traders cut their bets, driven by easing demand from consuming industries in the spot market. (Image Credit: Wikipedia)

Nickel prices moved down by 0.55 percent to Rs 921.10 per kg in futures market today as traders cut their bets, driven by easing demand from consuming industries in the spot market.

At the Multi Commodity Exchange, nickel for delivery in August fell by Rs 5.10, or 0.55 percent, to Rs 921.10 per kg in business turnover of 961 lots.

Similarly, the metal for delivery in September weakened by Rs 4.60, or 0.49 percent, to Rs 926.10 per kg in 42 lots.

Analysts said the fall in nickel prices in futures trade was mostly attributed to trimming of positions by participants owing to slackened demand from alloy-makers at the domestic spot market amid weakness in select base metals overseas.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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