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Uptick in demand lifts nickel futures by 0.25%

Press Trust of India  |  New Delhi 

prices edged 0.25 per cent higher to Rs 805 per kg in futures trade today as speculators built up fresh positions amid pick up in demand in the spot market.

At the Multi Commodity Exchange, for delivery in February edged Rs 2, or 0.25 per cent, higher to Rs 805 per kg in a business turnover of 4 lots.

Likewise, the for delivery in January contracts was trading higher by Rs 1.80, or 0.23 per cent, at Rs 800 per kg in 925 lots.

Analysts said fresh positions created by traders after pick up in demand from alloy-makers in the domestic spot market led to the rise in prices.

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

First Published: Tue, January 09 2018. 10:35 IST