 "Nickel up 0.4% as demand picks up")
Nickel prices gained 0.43% to Rs 873.70 per kg in futures trading today as speculators enlarged their positions, driven by pick up in demand in the spot market amid a firm global trend.
At the Multi Commodity Exchange, Nickel for delivery in November rose by Rs 3.70, or 0.43%, to Rs 873.70 per kg in business turnover of 877 lots.
Likewise, the metal for delivery in December traded higher by Rs 3.20, or 0.36%, to Rs 883.20 per kg in 44 lots.
Analysts said besides rising demand from alloy-makers, a firming global trend after US Federal Reserve Chairman nominee Janet Yellen backed stimulus until the economy and labour market improves, reducing concerns the central bank's bond-buying programme will soon be scaled back, mainly led to rise in nickel prices at futures trade.
At the Multi Commodity Exchange, Nickel for delivery in November rose by Rs 3.70, or 0.43%, to Rs 873.70 per kg in business turnover of 877 lots.
Likewise, the metal for delivery in December traded higher by Rs 3.20, or 0.36%, to Rs 883.20 per kg in 44 lots.
Analysts said besides rising demand from alloy-makers, a firming global trend after US Federal Reserve Chairman nominee Janet Yellen backed stimulus until the economy and labour market improves, reducing concerns the central bank's bond-buying programme will soon be scaled back, mainly led to rise in nickel prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%