Nickel rises marginally on spot demand

Metal gains 0.5% as firm global trend props it in futures trading

Nickel prices rose by 0.54 per cent to Rs 857.50 per kg in futures trade today, amid pick up in domestic demand and firm global trend.
    
At the Multi Commodity Exchange, nickel for delivery in December rose by Rs 4.60, or 0.54 per cent, to Rs 857.50 per kg in business turnover of 4,020 lots.
    
January nickel gained Rs 4.60, or 0.53 per cent, to Rs 865.50 per kg in 197 lots.
    

Analysts said besides pick up in domestic demand, firm global trend mainly led to rise in nickel prices at futures trade.
    
Meanwhile, nickel for three-month futures gained 0.4 per cent to USD 14,008 a tonne, the highest since November 8 on the London Metal Exchange.