Nickel prices traded higher by 0.60 per cent to Rs 932.60 per kg in futures trade today as speculators widened their bets, taking positive cues from spot market on rising demand.
At the Multi Commodity Exchange, nickel for delivery in May went up by Rs 5.60, or 0.60 per cent, to Rs 932.60 per kg in a business turnover of 1,332 lots.
Similarly, the metal for delivery in June contracts was trading higher by Rs 5, or 0.54 per cent, to Rs 935.40 per kg in 33 lots.
Analysts said increase in positions by participants on the back of surging demand from alloy-makers at the spot market attributed the rise in nickel futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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