Nickel prices gained 0.58 per cent to Rs 655.80 per kg in futures trade today as speculators built up positions, supported by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in April moved up by Rs 3.80, or 0.58 per cent, to Rs 655.80 per kg in a business turnover of 232 lots.
Similarly, the metal for delivery in May traded higher by Rs 2.80, or 0.43 per cent, to Rs 660.90 per kg in a business turnover of 7 lots.
Analysts said, speculators enlarged positions on a firming trend at the domestic spot markets on better demand from consuming industries which mainly supported the upside in futures trade.
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