Nickel prices rose by Rs 3.40 to Rs 885 per kg in futures trade today on pick up in demand from alloy-makers in the spot market amid a firm global trend.
At the Multi Commodity Exchange, nickel for delivery in September rose by Rs 3.40, or 0.39%, to Rs 885 per kg in a business turnover of 695 lots.
The August contract traded higher by Rs 2.80, or 0.33%, to Rs 873.80 per kg in 9,720 lots.
Market analysts said besides the pick up in demand from alloy-makers in the spot market, a firm global trend pushed up nickel futures.
Meanwhile, nickel advanced 0.6% to $15,346 a tonne on the London Metal Exchange.
