Nickel prices rose 0.49 per cent to Rs 794.10 per kg in futures trade today as participants raised bets, driven by pick up in demand in the domestic spot market.
At the Multi Commodity Exchange, nickel for delivery in the January rose Rs 3.90, or 0.49 per cent, to Rs 794.10 per kg in a business turnover of 965 lots.
The metal for delivery in February contracts edged up by a similar margin to trade at Rs 799 per kg in 29 lots.
Analysts attributed the rise in nickel futures to widening of positions by traders due to pick up in demand from alloy-makers in the spot market.
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