Nickel prices moved up by 0.15 per cent to Rs 649.90 per kg in futures trade today, supported by firming global cues and rising demand from alloy-makers in domestic spot markets.
Nickel for delivery in current month moved up by Re 1 or 0.15 per cent to Rs 649.90 per kg in a business turnover of 923 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in October contracts traded higher by 60 paise or 0.09 per cent to Rs 655.70 per kg in 33 lots.
Marketmen attributed the rise in nickel prices at futures trade to enlarging of positions by speculators, driven by rising demand from alloy-makers in the spot market and a firm trend in metals overseas.
Disclaimer: No Business Standard Journalist was involved in creation of this content
