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Supported by rising demand from alloy-makers and firming trend overseas, nickel prices moved up by 0.15% to Rs 1,150.30 per kg in futures trading today as speculators enlarged positions.
At the Multi Commodity Exchange, nickel for delivery in July rose by Rs 1.70, or 0.15%, to Rs 1,150.30 per kg in business turnover of 335 lots.
Similarly, the metal for delivery in August contract edged up by Rs 1.30, or 0.11%, to Rs 1,154 per kg in 22 lots.
Analysts attributed the rise in nickel futures to a firm trend at spot market on increased demand from alloy-makers and metal's strength at the London Metal Exchange, capped the gains.
