Nickel futures slide on tepid demand

New Delhi: Nickel prices on Wednesday fell by 0.4 per cent to Rs 1,058 per kg in futures trade after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for October delivery traded lower by Rs 4.20, or 0.4 per cent, to Rs 1,058 per kg with a business turnover of 1,526 lots.

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