Amid pick-up in demand at the domestic spot market, nickel prices edged up by 0.22 per cent to Rs 946.10 per kg in futures trade today as participants built up fresh positions.
At the Multi Commodity Exchange, nickel for delivery in September rose by Rs 2.10, or 0.22 per cent to Rs 946.10 per kg in business turnover of 996 lots.
On similar lines, the metal for delivery in August was up by Rs 1.90, or 0.20 per cent to Rs 940.30 per kg in 1,689 lots.
Analysts attributed the rise in nickel futures to a fresh positions built up by traders after an uptick in demand from alloy-makers at domestic spot market.
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