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Nickel futures gain 0.06 on spot demand

Press Trust of India  |  New Delhi 

prices rose by 0.06 per cent to Rs 893.40 per kg in futures trade Friday as speculators built up fresh positions as demand from alloy makers picked up amid a firm trend overseas.

At the Multi Commodity Exchange, for delivery in current month was up by 50 paise, or 0.06 per cent, to Rs 893.40 per kg in a business turnover of 8,980 lots.

Analysts said, fresh positions created by traders on firm demand from alloy makers at physical markets amid a firm trend overseas strengthened prices here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 13:45 IST