Wednesday, March 05, 2025 | 07:37 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Nickel futures rise on spot demand

Image

Press Trust of India New Delhi

Nickel prices rose by Rs 12.90 to Rs 1,111.70 per kg in futures trade today on firming spot markets trend following pick-up in demand from alloy makers.

At the Multi Commodity Exchange, nickel for August delivery rose by Rs 12.90, or 1.17%, to Rs 1,111.70 per kg, with a business turnover of 14,348 lots.  

Likewise, the metal for September delivery moved up by Rs 12.40, or 1.12%, to Rs 1,118.80 per kg, with an open interest of 561 lots.  

Market analysts attributed the rise in nickel to a firming trend at the spot markets on pick-up in demand from alloy makers.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 01 2011 | 2:45 PM IST

Explore News