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Nickel up 0.3% on firm demand

Firmness in select metals at the LME influenced nickel futures here

Press Trust of India New Delhi
Nickel futures for April gained Rs 2.20, or 0.27%, to Rs 823.30 per kg in 2,691 lots.     

At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 830.10 per kg in 492 lots.

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

Firmness in select metals at the London Metal Exchange (LME) also influenced nickel futures here.

At LME, nickel climbed 0.5% to $15,250 a tonne.
 

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First Published: Apr 22 2013 | 2:39 PM IST

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