Supported by pick up in demand at the spot market, nickel prices were marginally up by 0.20 per cent to Rs 931.70 per kg in futures market Tuesday as speculators built up fresh positions.
At the Multi Commodity Exchange, nickel for delivery in current month were up by Rs 1.90, or 0.20 per cent, to Rs 931.70 per kg in a business turnover of 307 lots.
Similarly, the metal for delivery in October contracts rose Rs 1.70, or 0.18 per cent, to Rs 936.80 per kg in 65 lots.
Analysts said creation of fresh positions by speculators, taking positive cues from spot market following pick up in demand from alloy-makers, led to the rise in nickel prices in futures trade here, but a weak trend in the base metals pack at the London Metal Exchange on demand concerns following intensifying trade war between the China and the US capped the gains.
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