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Nickel prices rose 0.33% to Rs 888.90 per kg in futures trading today as participants enlarged positions even as metal weakened at the London Metal Exchange.
At the Multi Commodity Exchange, nickel for delivery in January traded Rs 2.90, or 0.33% higher at Rs 888.90 per kg in business turnover of 31 lots.
On the similar lines, the metal for delivery in December traded higher by Rs 2.70, or 0.31% to Rs 879.90 per kg in 179 lots.
Market analysts said rising demand from alloy-makers at the spot markets influenced nickel prices at futures trade but metal's weakness overseas, capped the gains.
