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MCX base Metal Nickel and Copper future fell due to overseas cuse

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Nickel futures prices today dropped 0.70 per cent to Rs 832 per kg in as speculators reduced their holdings on sluggish demand from alloy makers in the spot market and a weak trend overseas.

At the Multi Commodity Exchange, nickel prices for delivery in July dropped by Rs 5.90, or 0.70 per cent, to Rs 832 per kg in a business turnover of 1,035 lots.

Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.94 per cent in futures trade today.

At the Multi Commodity Exchange, copper for delivery in August fell by Rs 4, or 0.94 per cent, to Rs 421.80 per kg in business turnover of 5,184 lots.

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