Buoyed by a firming trend in global markets and increased demand from alloy-maker, nickel prices rose by Rs 9.60 in futures trading today.
At the Multi Commodity Exchange, nickel for November delivery rose by Rs 9.60, or 0.96%, to Rs 1,007 per kg, with a business turnover of two lots.
Likewise, the metal for August delivery moved up by Rs 2.50, or 0.25%, to Rs 984.60 per kg, with an open interest of 6,960 lots.
Market analysts said apart from a firming trend in global markets, increased demand from alloy-makers in the spot market, mainly pushed up nickel futures price.
Meanwhile, nickel advanced by 0.3% to $21,756 a tonne on the London Metal Exchange.
