Nickel prices strengthened by 0.55 per cent to Rs 935.20 per kg in futures market today as speculators engaged in raising bets amid rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in May traded higher by Rs 5.10, or 0.55 per cent, to Rs 935.20 per kg in a business turnover of 15 lots.
Likewise, the metal for delivery in April was trading higher by Rs 4.80, or 0.52 per cent, to Rs 931.90 per kg in 706 lots.
Analysts said, widening of positions by participants following pick-up in demand from alloy-makers at the domestic spot markets, mainly kept nickel prices trade higher at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)