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Nickel up 0.3% on spot demand

However, the metal's weakness at the London Metal Exchange (LME) restricted the gains

Press Trust of India New Delhi
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.
 

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First Published: Mar 15 2013 | 2:39 PM IST

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