Nickel prices rose 0.88 per cent to Rs 928.30 per kg in futures trading today as speculators widened their bets, driven by pick up in demand at the spot markets.
At the Multi Commodity Exchange, nickel for delivery in current month went up by Rs 8.10, or 0.88 per cent to Rs 928.30 per kg in business turnover of 1,265 lots.
Likewise, the metal for delivery in far-month June gained Rs 8, or 0.87 per cent to Rs 932.20 per kg in 28 lots.
Analysts attributed rise in nickel futures to building-up of positions by participants due to pick up in demand from alloy-makers at the spot market. However, losses in the select base metals in global markets restricted the gains.
Disclaimer: No Business Standard Journalist was involved in creation of this content
