Select copper and brass prices gained marginally at non-ferrous metal market here today due to firm stockists buying amidst sustained demand from industrial users on the back of higher London Metal Exchange (LME) cues.
Meanwhile, nickel declined further on stockist selling coupled with reduced demand from consumer industries.
The industrial metal climbed at the LME in early trade to near its highest in a week as investors backed away from expectations the Federal Reserve would bring forward its timeline to raise interest rates at the end of its two-day meeting later in the session.
Copper cable scrap, copper scrap heavy, copper armiture, copper utensils scrap, copper wire bar, brass utensils scrap and brass sheet cutting all inched-up by a Re per kg each to Rs 489, Rs 480, Rs 469, Rs 444, Rs 517, Rs 341 and Rs 355, respectively.
However, nickel slipped by Rs 5 per kg to Rs 1,245 from Tuesday's closing level of Rs 1,250.
