 "Nickel up 0.3% on spot demand")
Nickel prices moved up by 0.30% to Rs 866.60 per kg in futures market today as speculators created fresh positions, supported by a rise in demand from alloy-maker in the spot market.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 2.60, or 0.30% to Rs 866.60 per kg in business turnover of 971 lots.
Likewise, the metal for delivery in December gained Rs 2.50, or 0.29% to Rs 876.40 per kg in 33 lots.
Market analysts said speculators created fresh positions on the back of firm demand in the spot market mainly influenced nickel futures here.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 2.60, or 0.30% to Rs 866.60 per kg in business turnover of 971 lots.
Likewise, the metal for delivery in December gained Rs 2.50, or 0.29% to Rs 876.40 per kg in 33 lots.
Market analysts said speculators created fresh positions on the back of firm demand in the spot market mainly influenced nickel futures here.