NEW DELHI, Oct 22: Nickel prices dropped 0.26 per cent to Rs 934.10 per kg in futures trade today after participants reduced holdings tracking a weak trend overseas amid sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in October fell by Rs 2.50, or 0.26 per cent, to Rs 934.10 per kg in a business turnover of 187 lots.
The metal for delivery in November shed Rs 2.20, or 0.23 per cent, to Rs 942.10 per kg in six lots.
Market analysts said speculators reduced their positions due to sluggish demand from alloy-makers in the spot market amid a weak global trend, mainly led to decline in nickel prices at futures trade. (PTI)
Follow our WhatsApp channel