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Nickel futures up 0.82% on spot demand

Press Trust of India  |  New Delhi 

Nickel prices inched up 0.82 per cent to Rs 883.50 per kg in futures trade Monday as speculators built up fresh positions amid pick up in spot demand.

At the Multi Commodity Exchange, nickel for delivery in April was trading higher by Rs 7.20, or 0.82 per cent, to Rs 883.50 per kg in a business turnover of 11,307 lots.

Similarly, the metal for delivery in May rose by Rs 6.90, or 0.78 per cent, at Rs 890.10 in a business turnover of 473 lots.

Analysts said, fresh positions created by traders on firm demand from alloy makers at physical markets mainly strengthened nickel prices here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 22 2019. 13:05 IST