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Nickel up marginally on spot demand

Firming global trend helped nickel futures to trade higher

Press Trust of India New Delhi
Last Updated : Mar 20 2013 | 4:20 PM IST
Nickel futures for March traded higher by 90 paise, or 0.10%, to Rs 905 per kg in 8,571 lots.

At the Multi Commodity Exchange (MCX), the April contract edged up by 70 paise, or 0.08%, to Rs 913 per kg in 850 lots.

Prices went up as speculators created fresh positions, driven by rise spot market demand.

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Firming global trend helped nickel futures to trade higher.

On the London Metal Exchange (LME), nickel gained 0.4% to $16,599 a tonne.

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First Published: Mar 20 2013 | 4:19 PM IST

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