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Nickel prices were up by Rs 8.10 to Rs 904.20 per kg in futures trade today after participants created positions, tracking a firming trend overseas and pick up in industrial demand in the spot market.
At the Multi Commodity Exchange, nickel for delivery in February moved up by Rs 8.10, or 0.90%, to Rs 904.20 per kg in business turnover of 15 lots.
Similarly, the metal for delivery in January month contracts gained Rs 7.30, or 0.87% to Rs 896.30 per kg in 750 lots.
Marketmen said besides pick-up in demand from alloy-makers at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange after better-than-forecast economic growth in China, the world's largest consumer led to rise in nickel prices at futures trade.
