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Nickel up on positive global cues

Business Finance

Press Trust of India  |  New Delhi 

Nickel prices were up by 0.70 paise to Rs 777.80 per kg in futures market Wednesday after speculators enlarged positions, tracking a firm trend in spot markets on increased demand from alloy-makers.

The rise in nickel prices at futures trade was mostly due to raising of bets by participants on strong demand in the spot markets amid positive global cues.

At the Multi Commodity Exchange, nickel to be delivered in this month was trading higher by 0.70 paise , or 0.09 per cent, to Rs 777.80 per kg, with a business turnover of 687 lots.

However, the nickel prices traded lower for January next year at 783.60, down 0.04 per cent, or 0.30 paise.

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

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First Published: Wed, December 12 2018. 13:15 IST