Nickel futures rise on firm spot demand
On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 16.30, or 1.23 per cent, to Rs 1,309.20 per kg in a business turnover of 1,889 lots.
By PTI |
ETAuto
NEW DELHI: Nickel prices were up by 1.23 per cent to Rs 1,309.20 per kg in the futures trade on Thursday, as speculators built up fresh positions on rising demand from alloy makers in the spot market.
On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 16.30, or 1.23 per cent, to Rs 1,309.20 per kg in a business turnover of 1,889 lots.
A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 16.30, or 1.23 per cent, to Rs 1,309.20 per kg in a business turnover of 1,889 lots.
A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
