Nickel prices on Wednesday edged up by Rs 11 to Rs 1,026.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 11, or 1.08 per cent, to Rs 1,026.50 per kg in a business turnover of 3,325 lots.
Similarly, the metal for February delivery traded higher by 11.10, or 1.11 per cent, to Rs 1,014.60 per kg in a business turnover of 224 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
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