 "Nickel up by 0.4% aided by spot demand")
Nickel prices were up by Rs 2.60 to Rs 628.80 per kg in futures market today as speculators enlarged bets amid a firming trend overseas and spot demand.
At Multi Commodity Exchange, nickel for delivery in the current month gained Rs 2.60, or 0.42%, to Rs 628.80 per kg in a business turnover of 23 lots.
The metal for delivery in December rose Rs 2.50, or 0.41%, to Rs 634.70 per kg in 23 lots.
Marketmen said that apart from increased domestic demand from alloy-makers, firmness in select base metals at the London Metal Exchange (LME) influenced nickel prices in futures trade.
At Multi Commodity Exchange, nickel for delivery in the current month gained Rs 2.60, or 0.42%, to Rs 628.80 per kg in a business turnover of 23 lots.
The metal for delivery in December rose Rs 2.50, or 0.41%, to Rs 634.70 per kg in 23 lots.
Marketmen said that apart from increased domestic demand from alloy-makers, firmness in select base metals at the London Metal Exchange (LME) influenced nickel prices in futures trade.
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