NEW DELHI: Nickel prices on Monday declined by 0.85 per cent to Rs 1,392.30 per kg in the futures trade after participants offloaded their positions amid weak demand in the spot market.
On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 12, or 0.85 per cent, to Rs 1,392.30 per kg with a business turnover of 2,375 lots.
Analysts said subdued demand in the spot market mainly led to the fall in nickel futures prices.
