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Robust demand lifts nickel futures 1.72 pc

Press Trust of India  |  New Delhi 

prices traded higher by 1.72 per cent to Rs 975.10 per kg in futures market today as speculators built up fresh positions.

At the Multi Commodity Exchange, for delivery in July moved up by Rs 16.50, or 1.72 per cent, to Rs 975.10 per kg in a business turnover of 3,796 lots.

On similar lines, the for delivery in August was trading higher by Rs 16.20, or 1.68 per cent, to Rs 979.30 per kg in 101 lots.

Analysts said fresh positions created by participants after upsurge in demand from alloy-makers in the physical market mainly led to the rise in prices at futures trade.

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

First Published: Thu, July 12 2018. 11:05 IST