Nickel futures gain on domestic demand

Nickel prices on Wednesday moved up by Rs 1.90 to Rs 1,065.50 per kg in futures trade as speculators enlarged their positions driven by firm demand from alloy-makers in spot market.

On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 1.90, or 0.18 per cent, to Rs 1,065.50 per kg in a business turnover of 1,567 lots.

Similarly, the metal for delivery in January traded up by Rs 1.30 at Rs 1,063.50 per kg in a business turnover of 9 lots.