NEW DELHI, June 8: Nickel prices moved down by 0.38 per cent to Rs 1,036 per kg in futures trade today as speculators trimmed their positions, taking negative cues from spot market on subdued demand.
At the Multi Commodity Exchange, nickel for delivery in June declined by Rs 4, or 0.38 per cent, to Rs 1,036 per kg in business turnover of 4172 lots.
Similarly, the metal for delivery in July contracts shed Rs 3.30, or 0.32 per cent, to Rs 1,041.10 per kg in 226 lots.
Analysts said offloading of positions by participants due to fall in demand from alloy-makers in the physical market led to the decline in nickel prices in futures trade. (PTI)
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