Nickel prices on Wednesday edged up by Rs 11.50 to Rs 957.80 per kg in futures trade as speculators built positions on rising demand from alloy-makers at the spot market.
On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 11.50, or 1.22 per cent, to Rs 957.80 per kg in a business turnover of 3,530 lots.
Similarly, the metal for March delivery traded higher by Rs 10.90, or 1.15 per cent, at Rs 955 per kg in a business turnover of 40 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.
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