Nickel prices shot up 1.8 per cent to Rs 919.80 per kg in futures trade Monday as speculators built up fresh positions as demand from alloy makers picked up amid a firm trend overseas.
At the Multi Commodity Exchange, nickel for delivery in May was trading higher by Rs 16.30, or 1.8 per cent, at Rs 919.80 per kg in a business turnover of 8,557 lots.
Analysts said fresh positions created by traders on firm demand from alloy makers at physical markets amid a firm trend overseas strengthened nickel prices in futures trade here.
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