Friday, February 28, 2025 | 02:11 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Nickel up 0.5% on spot demand

Metal for delivery in November gained 0.32%

Nickel up 0.5% on spot demand

Press Trust of India New Delhi
Nickel prices were up by 0.52% to Rs 651.60 per kg in futures trade today on pick up in demand from consuming industries in the spot market even as metal weakened overseas.

At the Multi Commodity Exchange, nickel for delivery in October moved up Rs 3.50, or 0.52%, to Rs 651.60 per kg in a business turnover of 919 lots.

Also, the metal for delivery in November gained Rs 2.10, or 0.32%, to Rs 656.90 per kg in 33 lots.

Market analysts said pick-up in demand from consuming industries at the spot markets led to the rise in nickel prices at futures trade here but metals losses at the London Metal Exchange (LME), capped the gains.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 06 2015 | 12:32 PM IST

Explore News