Nickel prices rose by 0.70 per cent to Rs 937 per kg in futures market today as speculators increased positions, taking positive cues from spot market on surging demand.
At the Multi Commodity Exchange, nickel for delivery in July went up by Rs 6.50, or 0.70 per cent, to Rs 937 per kg in a business turnover of 76 lots.
On similar lines, the metal for delivery in August gained Rs 6.10, or 0.65 per cent, to Rs 941 per kg in 1,417 lots.
Analysts said widening of positions by traders on the back of rising demand from alloy-makers at domestic spot markets and a firm trend overseas, mainly led to a rise in nickel prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
