Nickel futures gain on firm spot demand
Nickel contracts for January delivery gained Rs 30.40, or 2.42 per cent, to Rs 1,287 per kg in a business turnover of 1,966 lots.
By PTI |
ETAuto
Nickel prices rose 2.42 per cent to Rs 1,267 per kg in futures trade on Tuesday as speculators built fresh positions on a rising demand from alloy makers in spot market.
On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 30.40, or 2.42 per cent, to Rs 1,287 per kg in a business turnover of 1,966 lots.
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 30.40, or 2.42 per cent, to Rs 1,287 per kg in a business turnover of 1,966 lots.
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
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