Nickel up 0.5% on firm demand
Prices went up as speculators enlarged their positions
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Nickel futures for March gained Rs 4.50, or 0.50%, to Rs 901.20 per kg in 1,549 lots.
At the Multi Commodity Exchange (MCX), the April contract rose by a similar margin to trade at Rs 910.20 per kg in 203 lots.
Prices went up as speculators enlarged their positions, tracking firming spot market trend on increased demand from alloy-makers.
Besides, rebound in base metals at the London Metal Exchange (LME) supported the upside here.
At the Multi Commodity Exchange (MCX), the April contract rose by a similar margin to trade at Rs 910.20 per kg in 203 lots.
Prices went up as speculators enlarged their positions, tracking firming spot market trend on increased demand from alloy-makers.
Besides, rebound in base metals at the London Metal Exchange (LME) supported the upside here.
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First Published: Mar 19 2013 | 2:04 PM IST