Nickel prices were up by Rs 2 per kg at the local non-ferrous metal market today largely on increased demand from alloy-makers even as the metal strengthened overseas.
Traders said the rise in nickel prices was mostly supported by rising demand at spot markets from alloy-makers but the metal's weakness at the London Metal Exchange (LME) limited the gains.
Meanwhile, nickel for delivery in three months slid 0.4 per cent to USD 15,712 a metric tonne on the London Metal Exchange.
In the national capital, nickel (4x4) rose by Rs 2 to Rs 1,088-1,094 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot 116-122, Nickel plate (4x4) 1,088-1,094, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 433, Chadri deshi 285.
Lead ingot 106, Lead imported 107, Aluminium ingots 168, Aluminium sheet cutting 169, Aluminium wire scrap 171 and Aluminium utensils scrap 168.
