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Supported by rising demand from alloy-makers at domestic spot markets, nickel prices rose by 0.47% to Rs 868.10 per kg in futures trade today as speculators enlarged their positions.
However, overnight weakness in base metals at the London Metal Exchange (LME), limited the gains.
At the Multi Commodity Exchange, nickel for delivery in January was up by Rs 4.10, or 0.47% to Rs 868.10 per kg, with a business turnover of 238 lots.
The metal for delivery in February traded higher by Rs 2.30, or 0.26%, to Rs 875.60 per kg, with a turnover of 8 lots.
Marketmen attributed the rise in nickel prices at futures trade to a firm demand from consuming industries especially alloy-makers but metals weakness at the LME in yesterday's trade, restricted gains.
