 "Nickel rises 0.5% on spot demand")
Nickel prices moved up by 0.47% to Rs 971.40 per kg in futures trading today as speculators created fresh positions amid rising demand at domestic spot markets.
However, metal's weakness at the London Metal Exchange (LME) capped the gains.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 4.50, or 0.47%, to Rs 971.40 per kg in business turnover of 385 lots.
Meanwhile, nickel for delivery in three months contracts slid 0.30% to 15,728 dollar a metric tonne at the LME.
However, metal's weakness at the London Metal Exchange (LME) capped the gains.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 4.50, or 0.47%, to Rs 971.40 per kg in business turnover of 385 lots.
Also Read
Market analysts said a firming trend at the spot markets on the back of pick up in demand from alloy makers mainly influenced nickel futures here but a weak trend in select base metals at the LME limited the gains.
Meanwhile, nickel for delivery in three months contracts slid 0.30% to 15,728 dollar a metric tonne at the LME.
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%