Nickel prices on Thursday edged up by Rs 6.30 to Rs 1,018 per kg in futures trade as speculators built their positions owing to rising demand from alloy-makers in spot market.
On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 6.30, or 0.62 per cent, to Rs 1,018 per kg in a business turnover of 3,340 lots.
Similarly, the metal for delivery in January traded up by Rs 8, or 0.79 per cent, at Rs 1,017.20 per kg in a business turnover of 103 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
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