Nickel prices on Friday edged up by 50 paise to Rs 1,004.30 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 January delivery gained 50 paise, or 0.05 per cent, to Rs 1,004.30 per kg in a business turnover of 1,861 lots.
Similarly, the metal for February delivery traded higher by 80 paise, or 0.08 per cent, at Rs 985.60 per kg in a business turnover of 349 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
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