Nickel up by 1.4% on global cues

Increased domestic demand in the spot market also helped prices

Nickel prices were up by Rs 8.60 to Rs 627.90 per kg in futures market today as speculators raised their bets amid a firming trend overseas and domestic demand.

At the Multi Commodity Exchange, nickel for delivery in May was trading notably higher by Rs 8.60, or 1.39%, to Rs 627.90 per kg, in a business turnover of 152 lots.

Read more from our special coverage on "NICKEL PRICES"

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• Nickel up by 0.2% on spot demand, global cues

The metal for delivery in April rose by Rs 8, or 1.30%, to trade at Rs 621.20 per kg in 4,199 lots.

Analysts said apart from increased domestic demand from alloy-makers, firmness in the base metals pack at the London Metal Exchange, supported the upside in nickel prices at the futures trade.