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Nickel prices gain modestly in limited trade

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Press Trust of India Mumbai
In a limited activity, nickel prices gained modestly at the non-ferrous metal market here today on stockists buying amidst good demand from alloy industries.

The industrial metals slipped at the LME after Federal Chairman Ben Bernanke reaffirmed plans to curtail bond buying by the end of the year.

Nickel rose by Rs 5 per kg to Rs 975 from Tuesday's closing level of Rs 970 and brass utensils scrap inched up by a rupee per kg to Rs 328.

However, copper cable scrap, copper wire bar and lead prices softened by a rupee per kg each to Rs 486, Rs 514 and Rs 134, respectively.

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First Published: Jul 18 2013 | 5:01 PM IST

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