Nickel futures climb on fresh bets
Nickel prices on Thursday edged up 90 paise to Rs 944.90 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for February delivery gained 90 paise, or 0.10 per cent, to Rs 944.90 per kg in a business turnover of 3,447 lots.
Similarly, the metal for March delivery traded higher by Rs 2.50, or 0.27 per cent, at Rs 944.30 per kg in a business turnover of 200 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.
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