 "Nickel up 0.7% on global cues")
Nickel prices surged 0.74% to Rs 721.60 per kg in futures trading today as speculators widened positions taking positive cues from global market.
Moreover, rising demand at the domestic spot market from alloy-makers also supported the upside.
At the Multi Commodity Exchange, nickel for delivery in August rose Rs 5.30, or 0.74%, to Rs 721.60 per kg, in a business turnover of 248 lots.
Nickel prices surged largely in tandem with a firm trend in metal at London Metal Exchange (LME) and pick up in demand at the domestic spot markets, analysts said.
Moreover, rising demand at the domestic spot market from alloy-makers also supported the upside.
At the Multi Commodity Exchange, nickel for delivery in August rose Rs 5.30, or 0.74%, to Rs 721.60 per kg, in a business turnover of 248 lots.
Also Read
Metal for delivery in September was also up by Rs 5.10, or 0.71%, to Rs 727 per kg in 4 lots.
Nickel prices surged largely in tandem with a firm trend in metal at London Metal Exchange (LME) and pick up in demand at the domestic spot markets, analysts said.
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%