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Nickel up marginally on spot demand

Firming global trend helped nickel futures to trade higher

Press Trust of India New Delhi
Nickel futures for March traded higher by 90 paise, or 0.10%, to Rs 905 per kg in 8,571 lots.

At the Multi Commodity Exchange (MCX), the April contract edged up by 70 paise, or 0.08%, to Rs 913 per kg in 850 lots.

Prices went up as speculators created fresh positions, driven by rise spot market demand.

Firming global trend helped nickel futures to trade higher.

On the London Metal Exchange (LME), nickel gained 0.4% to $16,599 a tonne.

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First Published: Mar 20 2013 | 4:19 PM IST

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