 "Nickel up by 0.4% on firm spot demand")
Nickel prices were up 0.39% to Rs 610.60 per kg in futures market today after speculators widened bets, tracking a firm trend in the spot market on increased demand from alloy makers and select base metals rising overseas last week.
At the Multi Commodity Exchange, nickel for delivery in May gained Rs 2.40 or 0.39% to Rs 610.60 per kg in a business turnover of 98 lots.
In a similar manner, the metal for delivery in April rose Rs 1.0 or 0.38% to Rs 603.90 per kg in 98 lots.
Analysts said that apart from increased domestic demand from alloy makers and other consuming industries, strength in select base metals overseas supported the uptrend in nickel futures.
At the Multi Commodity Exchange, nickel for delivery in May gained Rs 2.40 or 0.39% to Rs 610.60 per kg in a business turnover of 98 lots.
Read more from our special coverage on "NICKEL PRICES"
In a similar manner, the metal for delivery in April rose Rs 1.0 or 0.38% to Rs 603.90 per kg in 98 lots.
Analysts said that apart from increased domestic demand from alloy makers and other consuming industries, strength in select base metals overseas supported the uptrend in nickel futures.
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%