NEW DELHI, July 17: Nickel prices moved down by 0.22 per cent to Rs 1,152.90 per kg in futures trade today as participants reduced their exposures, tracking a weak trend overseas and sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in July month declined by Rs 2.50, or 0.22 per cent, to Rs 1,152.90 per kg in a turnover of 538 lots.
Similarly, the metal for delivery in August traded lower by Rs 2.90 or 0.22 per cent, to Rs 1,159.20 per kg in 32 lots.
Analysts attributed the fall in nickel prices at futures trade to a weak trend in metal at the London Metal Exchange (LME) and low demand from alloy-makers at domestic spot markets also influenced prices. (PTI)
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