 "Nickel up 0.6% on spot demand")
Supported by increased demand from consuming industries at the domestic spot markets, nickel prices traded higher 0.63% to Rs 607.30 per kg in futures trade today.
At the Multi Commodity Exchange, nickel for delivery in July month moved up by Rs 3.80, or 0.63%, to Rs 607.30 per kg in a business turnover of 35 lots.
Likewise, the metal for delivery in June traded higher by Rs 3.20 or 0.54% to Rs 600.40 per kg in 2,071 lots.
Analysts said a pick-up in demand by alloy-makers in the spot market mainly led to the rise in nickel prices at futures trade.
At the Multi Commodity Exchange, nickel for delivery in July month moved up by Rs 3.80, or 0.63%, to Rs 607.30 per kg in a business turnover of 35 lots.
Likewise, the metal for delivery in June traded higher by Rs 3.20 or 0.54% to Rs 600.40 per kg in 2,071 lots.
Analysts said a pick-up in demand by alloy-makers in the spot market mainly led to the rise in nickel prices at futures trade.
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