Nickel futures up on firm spot demand
Nickel prices rose 0.17 per cent to Rs 842 per kg in futures trade Wednesday amid a firm trend at domestic spot markets.
On the Multi Commodity Exchange, nickel for delivery in May gained Rs 1.40, or 0.17 per cent, to Rs 842 per kg in a business turnover of 13,077 lots.
Analysts said raising of bets by participants, backed by a firm trend in the base metals pack at domestic markets, supported the uptrend in nickel futures.
However, nickel prices for June contracts traded lower by Rs 1.35, or 0.15 per cent, at Rs 869.
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