NEW DELHI, July 22: Nickel futures today traded lower by Rs 6.60 to Rs 733.20 per kg, tracking a weak overseas trend amid subdued demand at domestic spot markets.
At the Multi Commodity Exchange, nickel for delivery this month weakened by Rs 6.60, or 0.89 per cent, to Rs 733.20 per kg in a business turnover of 924 lots.
Similarly, the metal for delivery in August was trading lower by Rs 6.10, or 0.82 per cent, to Rs 741 per kg in 74 lots.
Analysts said apart from subdued trend at domestic spot markets, a weak trend in overseas market where base metals fell weighed on nickel futures prices here.
Globally, nickel for delivery in three months on the London Metal Exchange slid 1.7 per cent. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel