 "Nickel up 0.3% on firm demand")
Nickel futures for April gained Rs 3.20, or 0.34%, to Rs 933.30 per kg in 361 lots.
At the Multi Commodity Exchange (MCX), the March contract rose by Rs 3, or 0.32%, to Rs 926.70 per kg in 4,619 lots.
Prices went up as speculators enlarged positions, tracking firming spot market trend on increased demand from alloy-makers.
Progress in the US labour market brightened the outlook for nickel demand.
On LME, nickel advanced 0.8% to $17,030 per tonne.
At the Multi Commodity Exchange (MCX), the March contract rose by Rs 3, or 0.32%, to Rs 926.70 per kg in 4,619 lots.
Prices went up as speculators enlarged positions, tracking firming spot market trend on increased demand from alloy-makers.
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Firmness in copper and other base metals at the London Metal Exchange (LME) on account of signs of strength in Chinese auto sales triggered the uptrend.
Progress in the US labour market brightened the outlook for nickel demand.
On LME, nickel advanced 0.8% to $17,030 per tonne.
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