Get App
Last Updated : May 15, 2020 03:03 PM IST | Source: PTI

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for May delivery traded down by Rs 2.10, or 0.23 percent, to Rs 912.50 per kg with a business turnover of 1,527 lots.

Representative image
Representative image

Nickel prices on Friday fell 0.23 percent to Rs 912.50 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for May delivery traded down by Rs 2.10, or 0.23 percent, to Rs 912.50 per kg with a business turnover of 1,527 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel prices.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.


Moneycontrol Virtual Summit presents 'The Future of Indian Industry', powered by Salesforce
Register Now! and watch industry stalwarts forecast how India Inc will shape up in post COVID-19 world

Date: May 19

First Published on May 15, 2020 02:55 pm
Sections
Follow us on