Nickel prices gained 0.44 per cent to Rs 908.90 per kg in futures trade today as speculators built up positions, supported by rising demand from alloy- makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in April moved up by Rs 4, or 0.44 per cent, to Rs 908.90 per kg, in a business turnover of 1,088 lots.
Similarly, the metal for delivery in May traded higher by Rs 3.20, or 0.19 per cent, to Rs 911.50 per kg in a business turnover of 19 lots.
Analysts said speculators increased positions on a firming trend at the domestic spot markets on better demand from consuming industries.
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