NEW DELHI, Apr 30: Amid a weak trend in the global markets and subdued domestic demand, nickel traded a shade lower at Rs 833.20 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, nickel for delivery in April shed 70 paise, or 0.08 per cent, to Rs 833.20 per kg in a business turnover of 375 lots.
The metal for delivery in May also down marginally by 10 paise, or 0.01 per cent, to Rs 841.40 per kg in a turnover of 204 lots.
Analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metals at the LME as weakness in Japanese and South Korean industrial output added to global demand concerns. (PTI)
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