Nickel futures rise on firm spot demand
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
By PTI | Updated:
Agencies
New Delhi: Nickel prices on Tuesday rose by 40 paise to Rs 1,068.20 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market.
On the Multi Commodity Exchange, nickel contracts for September delivery gained 40 paise, or 0.04 per cent, to Rs 1,068.20 per kg in a business turnover of 1,570 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 September delivery gained 40 paise, or 0.04 per cent, to Rs 1,068.20 per kg in a business turnover of 1,570 lots.
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
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