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Nickel gains 0.4% on global cues

Spot demand from alloy-makers influences prices

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Nickel prices gained 0.41% to Rs 933.80 per kg in futures trading today as speculators created fresh positions in tandem with a firming global trend.

At the Multi Commodity Exchange, nickel for delivery in October gained Rs 3.80, or 0.41%, to Rs 933.80 per kg, with a business turnover of 470 lots.

September nickel traded higher by Rs 3.30, or 0.36%, to Rs 924.20 per kg, with a business turnover of 7,569 lots.

Marketmen said besides spot demand from alloy-makers, a firming at the London Metal Exchange influenced nickel prices at futures trade.

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First Published: Sep 13 2012 | 2:49 PM IST

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