Nickel prices moved up by Rs 6.70 to Rs 862.20 per kg in futures market on Tuesday after speculators enlarged positions, tracking a firm trend in spot markets on increased demand from alloy-makers.
Besides, a firm trend in select base overseas, too, supported the upside.
At the Multi Commodity Exchange, nickel to be delivered this month was trading higher by Rs 6.70, or 0.78 per cent to Rs 862.20 per kg, with a business turnover of 687 lots.
The rise in nickel prices at futures trade was mostly attributed to raising of bets by participants on strong demand in the spot markets amid positive global cues.
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