Econmic Times reported that Nickel prices eased by 0.11% to INR 916.80 per kg in futures trade as speculators reduced their holdings on sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in March declined by INR 1 or 0.11% to INR 916.80 per kg in business turnover of 11,976 lots.
Likewise the metal for delivery in April shed 80 paise, or 0.09% to INR 924 per kg in 948 lots.
Market analysts said that speculators reduced their positions due to sluggish demand from alloy makers in the spot market mainly helped nickel prices to trade lower at futures trade.