The Nifty Metal index was trading 3.37 per cent down at 1502.45.
The Nifty Metal index was trading 0.52 per cent up at 1550.9 .
JSW Steel, one of the country’s largest private steel companies, has decided to scale down or suspend production at its units in the wake of the global pandemic.
Analysts said weak trend overseas mainly kept pressure on silver prices here.
Nickel prices on Wednesday gained 0.25 per cent to Rs 868.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
The Nifty Metal index was trading 1.4 per cent up at 1523.4 .
Globally, gold was trading 1.41 per cent higher at $1,594.80 per ounce in New York.
Analysts said subdued demand in spot market mainly led to fall in nickel prices here.
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