Nickel up 0.68%, firm domestic demand helps
However, weak trend on LME caps gains
 "Nickel up 0.68%, firm domestic demand helps")
Nickel prices rose by 0.68 per cent to Rs 590.30 per kg in futures market today as participants enlarged bets tracking rising demand from alloy makers in the spot market.
However, nickel retreated 0.3 per cent at the London Metal Exchange and capped the gains.
Nickel for delivery in January contracts gained Rs 4 or 0.68 per cent to Rs 590.30 per kg in a business turnover of 27 lots at Multi Commodity Exchange.
The current month contract rose Rs 3.60 or 0.68 per cent to Rs 584.20 per kg in 617 lots.
Analysts said increased domestic demand from alloy makers and other consuming industries in the spot markets, influenced nickel futures here.
However, nickel retreated 0.3 per cent at the London Metal Exchange and capped the gains.
Nickel for delivery in January contracts gained Rs 4 or 0.68 per cent to Rs 590.30 per kg in a business turnover of 27 lots at Multi Commodity Exchange.
The current month contract rose Rs 3.60 or 0.68 per cent to Rs 584.20 per kg in 617 lots.
Analysts said increased domestic demand from alloy makers and other consuming industries in the spot markets, influenced nickel futures here.
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First Published: Dec 09 2015 | 11:13 AM IST