Nickel futures gain 1.25 per cent on positive global cues
New Delhi: Nickel prices rose 1.25 per cent to Rs 859.10 per kg in futures trade today as speculators enlarged positions on positive cues from global markets.
Further, increased demand from alloy-makers in the spot market, supported the uptrend.
At the Multi Commodity Exchange, nickel for delivery in March was trading higher by Rs 10.60, or 1.25 per cent, at Rs 859.10 per kg in a business volume of 1,378 lots.
On similar lines, the metal for delivery in April traded higher by Rs 10.40, or 1.21 per cent, to Rs 867.30 per kg in 66 lots.
Analysts attributed the rise in nickel futures to a firm trend in the base metals pack at the London Metal Exchange and rising demand from alloy makers at domestic spot markets.