Nickel prices on Thursday edged up by Rs 9.20 to Rs 1,059.50 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in spot market.
On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 9.20, or 0.88 per cent, to Rs 1,059.50 per kg in a business turnover of 73 lots.
Similarly, the metal for delivery in January traded up by Rs 4.10, or 0.39 per cent, at Rs 1,049.20 per kg in a business turnover of 1,908 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
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