Nickel prices were up by 0.81 per cent at Rs 672.10 per kg in futures trade today as speculators enlarged their bets on pick up in demand from consuming industries in the spot market.
At the Multi Commodity Exchange, nickel for delivery this month moved up by Rs 5.40, or 0.81 per cent, to Rs 672.10 per kg in a business turnover of 887 lots.
Also, the metal for delivery in April gained Rs 5.10, or 0.76 per cent to Rs 677.80 per kg in 28 lots.
Market analysts said besides pick-up in domestic demand from alloy-makers, a firm trend in copper at the London Metal Exchange (LME), influenced nickel prices at futures trade.
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