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Nickel prices moved up by 0.18% to Rs 896 per kg in futures trade today on pick up in demand from consuming industries in the spot market amid a firm global trend.
At the Multi Commodity Exchange, nickel for delivery in March moved up by Rs 1.60, or 0.18%, to Rs 896 per kg to Rs 896 per kg in business turnover of 204 lots.
Similarly, the metal for delivery in February gained Rs 1.20, or 0.14% to Rs 890 per kg in 746 lots.
Market analysts said besides pick-up in demand from consuming industries, a firm trend in the global market led to rise in nickel prices at futures trade.
Meanwhile, nickel for delivery in three months traded 0.3% higher at $14,373 a metric tonne on the London Metal Exchange.
