Nickel futures slide on tepid demand

New Delhi, Jan 11 (Agency) Nickel prices on Monday fell by 1.9 per cent to Rs 1,267 per kg in futures trade after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for January delivery traded lower by Rs 24.60, or 1.9 per cent, to Rs 1,267 per kg with a business turnover of 1,674 lots. Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.