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Nickel up 0.1% on firm demand

Prices moved up as speculators enlarged their positions

Press Trust of India New Delhi
Nickel futures for April gained Rs 1.20, or 0.14%, to Rs 878.80 per kg in 1,417 lots.     

At the Multi Commodity Exchange (MCX), the May contract rose by 80 paise, or 0.09%, to Rs 887.30 per kg in 102 lots.

Prices moved up as speculators enlarged their positions, tracking firming trend in spot market on increased demand from alloy-makers.

Besides, an encouraging trend in copper and other base metals at the London Metal Exchange (LME) supported the upside here.
 

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First Published: Apr 08 2013 | 2:04 PM IST

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