Base Metals: Nickel, Copper Slide On Low Demand

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Nickel costs had been down by using 1.02 per cent at Rs 679.90 per kg in futures trade today as participant locked in gains amid subdued demand at the spot market.
At Multi Commodity trade, nickel for delivery in the current month was once trading lower through Rs 7, or 1.02 per cent, to Rs 679.90 per kg in a trade turnover of 1,186 a lot.

The metal for supply in October also lost Rs 6.80, or 0.98 per cent, to Rs 686.40 per kg in a turnover of 70 loads.
Analysts mentioned the fall in base metal in futures trade is mostly attributed to profit booking at the existing level and muted demand on the domestic spot market

Copper
Copper costs drifted decrease lower by 0.17 per cent to Rs 422.85 per kg in futures trade today as speculators lower down their positions, monitoring a susceptible demand on the spot market.
At Multi Commodity Exchange, copper for delivery in November fell by means of 70 paise, or 0.17 per cent, to Rs 422.85 per kg in a industry turnover of 1,116 a lot.

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