 "Nickel up Rs 2 on global cues, spot demand")
Nickel prices were up by Rs 2 to Rs 686.20 per kg in futures market today as speculators enlarged positions amid a firming trend overseas and spot demand.
At the Multi Commodity Exchange, nickel for delivery in October gained Rs 2, or 0.29 per cent, to Rs 686.20 per kg, in a business turnover of 447 lots.
The November contract gained Rs 1.80, or 0.26 per cent, to Rs 692.70 per kg in seven lots.
Analysts said apart from increased domestic demand from alloy-makers, rise in select base metal prices in global markets, influenced nickel prices in futures trade.
At the Multi Commodity Exchange, nickel for delivery in October gained Rs 2, or 0.29 per cent, to Rs 686.20 per kg, in a business turnover of 447 lots.
The November contract gained Rs 1.80, or 0.26 per cent, to Rs 692.70 per kg in seven lots.
Analysts said apart from increased domestic demand from alloy-makers, rise in select base metal prices in global markets, influenced nickel prices in futures trade.