Business Standard

Friday, February 14, 2025 | 06:25 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Nickel up by 1.4% on global cues

Increased domestic demand in the spot market also helped prices

Nickel up by 1.4% on global cues

Press Trust of India New Delhi
Nickel prices were up by Rs 8.60 to Rs 627.90 per kg in futures market today as speculators raised their bets amid a firming trend overseas and domestic demand.

At the Multi Commodity Exchange, nickel for delivery in May was trading notably higher by Rs 8.60, or 1.39%, to Rs 627.90 per kg, in a business turnover of 152 lots. 

The metal for delivery in April rose by Rs 8, or 1.30%, to trade at Rs 621.20 per kg in 4,199 lots.

Analysts said apart from increased domestic demand from alloy-makers, firmness in the base metals pack at the London Metal Exchange, supported the upside in nickel prices at the futures trade.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 21 2016 | 11:48 AM IST

Explore News