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Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for August delivery traded down by Rs 1.90, or 0.18 percent, to Rs 1,050.30 per kg with a business turnover of 1,750 lots.

July 30, 2020 / 01:43 PM IST

Nickel prices on Thursday fell by 0.18 percent to Rs 1,050.30 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for August delivery traded down by Rs 1.90, or 0.18 percent, to Rs 1,050.30 per kg with a business turnover of 1,750 lots.

Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.
PTI
first published: Jul 30, 2020 01:30 pm
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