Nickel up 0.2% on firm demand
Prices moved up as speculators enlarged their positions
)
Nickel futures for June gained Rs 1.70, or 0.20%, to Rs 843.40 per kg in 42 lots.
At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 836.90 per kg in 808 lots.
Prices moved up as speculators enlarged their positions.
Besides, increased demand from alloy-makers in the spot markets supported the upside.
At the London Metal Exchange (LME), nickel gained 0.4% to $15,345 a tonne.
At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 836.90 per kg in 808 lots.
Prices moved up as speculators enlarged their positions.
Besides, increased demand from alloy-makers in the spot markets supported the upside.
At the London Metal Exchange (LME), nickel gained 0.4% to $15,345 a tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 10 2013 | 2:28 PM IST