Nickel futures rise on firm spot demand
On the Multi Commodity Exchange, nickel contracts for the August delivery gained Rs 31.10, or 2.22 per cent, to Rs 1,433.50 per kg in a business turnover of 1,265 lots.
By PTI |
NEW DELHI: Nickel prices rose by 2.22 per cent to Rs 1,433.50 per kg in the futures trade on Monday 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 August delivery gained Rs 31.10, or 2.22 per cent, to Rs 1,433.50 per kg in a business turnover of 1,265 lots.
A rise in demand in the spot market from alloy makers supported nickel futures, analysts said.
On the Multi Commodity Exchange, nickel contracts for the August delivery gained Rs 31.10, or 2.22 per cent, to Rs 1,433.50 per kg in a business turnover of 1,265 lots.
A rise in demand in the spot market from alloy makers supported nickel futures, analysts said.
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