At the Multi Commodity Exchange, nickel for delivery in current month went up by Rs 1.50, or 0.25 per cent to Rs 592.50 per kg in business turnover of 363 lots.
Likewise, the metal for delivery in far-month June contracts gained Rs 1.30, or 0.22 per cent to Rs 598 per kg in 8 lots.
Analysts attributed rise in nickel futures to building-up of positions by participants due to pick up in demand from alloy-makers at the spot market. However, losses in the base metals led by copper in global markets restricted the gains.
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