Supported by a firming trend at the London Metal Exchange (LME) and pick-up in spot demand, nickel prices rose by 0.45% in futures trade today.
At the Multi Commodity Exchange, nickel for July delivery rose by Rs 4.80, or 0.45%, to Rs 1,068.30 per kg, with a business turnover of 5,461 lots.
Likewise, the metal for August delivery traded at Rs 4.50, or 0.42% higher, at Rs 1,076.40 per kg, with a trade volume of 373 lots.
Market analysts said besides a firming trend in base metals at the LME, increased demand from alloy makers at the spot markets influenced nickel futures prices here.
