Nickel futures rise on firm spot demand
On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 0.4, or 0.03 per cent, to Rs 1,432 per kg in a business turnover of 1,685 lots.
By PTI |
NEW DELHI: Nickel prices increased by 0.03 per cent to Rs 1,432 per kg in the futures trade on Thursday, as speculators built up fresh positions amid rising demand from alloy makers in the spot market.
On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 0.4, or 0.03 per cent, to Rs 1,432 per kg in a business turnover of 1,685 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 September delivery gained Rs 0.4, or 0.03 per cent, to Rs 1,432 per kg in a business turnover of 1,685 lots.
A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
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