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Nickel prices moved up by 0.29% to Rs 885.10 per kg in futures market today as speculators created fresh positions after pick up in demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in November moved up by Rs 2.60, or 0.29% to Rs 885.10 per kg in business turnover of 950 lots.
Similarly, the metal for delivery in December edged up by Rs 2.10, or 0.24%, to Rs 892.50 per kg in 33 lots.
Analysts said speculators created fresh positions on the back of pick up in demand from alloy-maker in the spot market, which mainly led to rise in nickel prices at futures trade.
