Nickel prices were up 0.48 per cent at Rs 777.20 per kg in futures market today after speculators widened bets amid trend in the spot market on increased demand from alloy makers.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 3.70, or 0.48 per cent, to Rs 777.20 per kg in a business turnover of 9 lots.
In a similar manner, the metal for delivery in current month was trading higher by Rs 3.10, or 0.40 per cent, to Rs 772.50 per kg in 229 lots.
Analysts said, firm demand in the spot markets from alloy-makers mainly supported the uptrend in nickel prices at futures trade here but a weak trend in select base metals at the London Metal Exchange (LME), capped the gain.
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