Nickel prices edged up by 0.21 per cent to Rs 900.50 per kg in futures trade Monday as speculators widened positions, supported by pick-up in demand at the domestic spot markets.
At the Multi Commodity Exchange, nickel for delivery in October was trading up by Rs 1.90, or 0.21 per cent, to Rs 900.500 per kg in a business turnover of six lots.
Similarly, the metal for delivery this month rose by Rs 1.60, or 0.18 per cent, to Rs 895.50 per kg in 408 lots.
Analysts said raising of bets by participants following an uptick in demand from alloy-makers at domestic spot markets, supported the upside in nickel prices in futures trade.
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