Comments
Nickel prices fell by 0.75 per cent to Rs 1,056.50 per kg in futures trade today amid a weakening global trend and sluggish demand from alloy makers at spot markets.
At the Multi Commodity Exchange, nickel for delivery in July fell by Rs 8 or 0.75 per cent to Rs 1,056.50 per kg, with a business turnover of 2,295 lots.
Similarly, the metal for delivery in August fell by Rs 6.50 or 0.61 per cent to Rs 1,066 per kg, with a turnover of 385 lots.
Market analysts said apart from sluggish demand from alloy makers at domestic markets, a weakening trend in the overseas market further pulled down nickel futures prices.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.