Nickel up 0.3% on spot demand
However, the metal's weakness at the London Metal Exchange (LME) restricted the gains
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Nickel futures for April gained Rs 2.70, or 0.29%, to Rs 941.10 per kg in 4,112 lots.
At the Multi Commodity Exchange (MCX), the March contract rose by Rs 2.60, or 0.28%, to Rs 934.90 per kg in 4,112 lots
Prices went up as speculators enlarged their position on the back of increased spot market demand from alloy-makers even as metal rose globally.
However, the metal's weakness at the London Metal Exchange (LME) restricted the gains.
At the Multi Commodity Exchange (MCX), the March contract rose by Rs 2.60, or 0.28%, to Rs 934.90 per kg in 4,112 lots
Prices went up as speculators enlarged their position on the back of increased spot market demand from alloy-makers even as metal rose globally.
However, the metal's weakness at the London Metal Exchange (LME) restricted the gains.
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First Published: Mar 15 2013 | 2:39 PM IST