Nickel prices moved up by Rs 4.90 to Rs 882 per kg in futures trade today as speculators created fresh positions, tracking a firm trend at the spot markets on pick up in demand from alloy-makers.
At the Multi Commodity Exchange, nickel for delivery in November moved up by Rs 4.90, or 0.56%, to Rs 882 per kg, with a business turnover of 7,734 lots.
December nickel traded higher by Rs 4.80, or 0.54%, to Rs 891 per kg, with a business turnover of 664 lots.
Marketmen attributed the rise in nickel futures to pick up in demand from alloy-makers in the spot market.
