Business Standard

Nickel futures rise on firm spot cues

Image

Press Trust of India New Delhi
Nickel prices went up by 0.53 per cent to Rs 1,122 per kg in futures trade on Wednesday as speculators raised their bets on spot demand.
On the Multi Commodity Exchange, nickel for delivery in September gained Rs 5.90, or 0.53 per cent, to Rs 1,122 per kg in a business turnover of 3,870 lots.
Increase in domestic demand from alloy-makers and firmness in base metals at the spot market mainly influenced nickel prices here, analysts said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Aug 28 2019 | 1:00 PM IST

Explore News