Amid firming trend overseas and strong demand at the domestic market, nickel prices went up by 1.33 per cent to Rs 926.50 per kg in futures trade Monday as traders participants widened their bets.
At the Multi Commodity Exchange, nickel for delivery in the current month contracts was trading higher by Rs 12.20 or 1.33 per cent to Rs 926.50 per kg in business turnover of 1,140 lots.
Analysts attributed the persistent rise in nickel futures to widening of positions by participants on the back of firm global trend.
Besides, strong demand from alloy-makers at the domestic spot markets supported the upside, they said.
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