NEW DELHI, June 12: Nickel futures today traded lower by 0.51 per cent to Rs 1,081.20 per kg largely in tune with weak overseas trend.
At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 5.50 paise, or 0.51 per cent, to Rs 1,081.20 per kg in business turnover of 112 lots.
Similarly, the metal for delivery in June traded lower by Rs 5.10, or 0.47 per cent, to Rs 1,076.90 per kg in 2,304 lots.
Globally, nickel dropped 0.4 per cent, to USD 18,228 per tonne at the London Metal Exchange after stockpiles rose to a record.
Market analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend overseas mainly weighed on nickel prices at futures trade here. (PTI)
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