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Nickel up 0.2% on firm demand

Prices moved up as speculators enlarged their positions

Press Trust of India New Delhi
Nickel futures for June gained Rs 1.70, or 0.20%, to Rs 843.40 per kg in 42 lots.

At the Multi Commodity Exchange (MCX), the May contract rose by Rs 1.60, or 0.19%, to Rs 836.90 per kg in 808 lots.

Prices moved up as speculators enlarged their positions.

Besides, increased demand from alloy-makers in the spot markets supported the upside.

At the London Metal Exchange (LME), nickel gained 0.4% to $15,345 a tonne.

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First Published: May 10 2013 | 2:28 PM IST

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