Nickel prices inched up by 0.27 per cent to Rs 754.20 per kg in futures trade today as speculators created fresh positions amid pick-up in demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in December traded higher by Rs 2, or 0.27 per cent, to Rs 754.20 per kg in a business turnover of 947 lots.
Likewise, the metal for delivery in January edged up by Rs 1.80, or 0.24 per cent, to Rs 759.10 per kg in 47 lots.
Analysts said fresh positions built up by participants after uptick in demand from alloy-makers at the domestic spot market, mainly led to the rise in nickel prices at futures trade.
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