Nickel prices on Thursday edged up 90 paise to Rs 944.90 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for February delivery gained 90 paise, or 0.10 per cent, to Rs 944.90 per kg in a business turnover of 3,447 lots.
Similarly, the metal for March delivery traded higher by Rs 2.50, or 0.27 per cent, at Rs 944.30 per kg in a business turnover of 200 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.
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