Nickel prices edged up by Rs 8.80 to Rs 1,225.60 per kg in futures trade on Tuesday as speculators built their positions owing to rising demand from alloy-makers in the spot market.
On the Multi Commodity Exchange, nickel contracts for October delivery gained Rs 8.80, or 0.72 per cent, to Rs 1,225.60 per kg in a business turnover of 5,957 lots.
Similarly, the metal for delivery in November traded up by Rs 9.10, or 0.75 per cent, at Rs 1,224 per kg in a business turnover of 214 lots.
Rising demand at spot market from alloy-makers supported price rise in nickel futures, analysts said.
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