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Nickel futures gain 0.48% on rising demand

Press Trust of India  |  New Delhi 

prices were rose 0.48 per cent to Rs 905.80 per kg in futures trade today as speculators raised bets amid increased demand from consuming industries in the spot market.

At the Multi Commodity Exchange, for delivery in April rose by Rs 4.30, or 0.48 per cent, to Rs 905.80 per kg in a business turnover of 64 lots.

Likewise, the for delivery in March contracts was trading higher by Rs 4, or 0.45 per cent, to Rs 902.10 per kg in 2,175 lots.

Market analysts said widening of positions by participants on the back of soaring demand from alloy-makers in the physical market pushed up prices in futures trade.

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

First Published: Wed, March 14 2018. 11:15 IST