Nickel prices
were trading lower by 0.57 per cent to Rs 645.80 per kg in futures trade today
amid profit-booking by speculators and easing demand at the domestic spot
market. At the Multi Commodity Exchange, nickel for delivery in July fell by Rs
3.70, or 0.57 per cent, to Rs 645.80 per kg in a business turnover of 824 lots.
Likewise, the metal for delivery in August was trading lower by Rs 3.60, or
0.55 per cent, to Rs 650.20 per kg in 272 lots. Market men said profit-booking
by participants at prevailing levels amid fall in demand from makers in the
spot market, mainly influenced nickel prices at futures trade.
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