Nickel prices on Tuesday edged up by Rs 1.20 to Rs 1,035.30 per kg in futures trade as speculators built their positions owing to rising demand from alloy-makers in spot market.
On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 1.20, or 0.12 per cent, to Rs 1,035.30 per kg in a business turnover of 1,815 lots.
Similarly, the metal for delivery in January traded up by Rs 1.10 , or 0.11 per cent, at Rs 1,032.20 per kg in a business turnover of 43 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
