Nickel prices moved up by Rs 6.40 to Rs 692.70 per kg in futures market today as speculators raised their bets amid a firming trend overseas and spot demand.
At the Multi Commodity Exchange, nickel for delivery in February gained Rs 6.40, or 0.93 per cent, to Rs 692.70 per kg, in a business turnover of 1,326 lots.
The metal for delivery in March also rose by a similar margin to trade at Rs 698.10 per kg in 38 lots.
Analysts said apart from increased domestic demand from alloy-makers, firmness in copper and other base metals at the London Metal Exchange, influenced nickel prices at futures trade.
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