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Nickel futures up 1.44 pc on robust demand

Press Trust of India  |  New Delhi 

Nickel prices on Tuesday edged up by Rs 13.60 to Rs 956.70 per kg in futures trade as speculators built positions on rising demand from alloy-makers in spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 13.60, or 1.44 per cent, to Rs 956.70 per kg in a business turnover of 3,496 lots.

Similarly, the metal for March delivery traded higher by Rs 13, or 1.38 per cent, at Rs 958 per kg in a business turnover of 65 lots.

Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.

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

First Published: Tue, February 11 2020. 12:22 IST