Buoyed by a firming trend in the entire base metals at the London Metal Exchange and strong spot demand, nickel futures prices rose by 0.69 per cent to Rs 1,092.60 per kg today.
At the Multi Commodity Exchange counter, nickel for delivery in December traded Rs 7.50, or 0.69 per cent higher, to Rs 1,092.60 per kg, with a trade turnover of 814 lots.
Similarly, the metal for delivery in January also moved up by Rs 7.40, or 0.68 per cent, to Rs 1,102 per kg, with a business turnover of 56 lots, while delivery in February edged up by Rs 6.40, or 0.58 per cent to Rs 1,111.50 per kg, with a turnover of four lots.
At the London Metal Exchange counter, nickel gained 0.8 per cent to $24,175 per tonne.
Market analysts said besides strong demand from alloy makers at spot markets and firm trend in copper and other base metals, buoyed by strong Chinese macroeconomic and output data over the weekend, influenced metal prices at futures trade here.
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