Nickel futures slide on tepid demand

Nickel prices fell 0.51 per cent to Rs 1,213.40 per kg in futures trade on Wednesday as participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for December delivery traded lower by Rs 6.20, or 0.51 per cent, at Rs 1,213.40 per kg with a business turnover of 2,090 lots.

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