Supported by pick up in demand at the spot market, nickel prices were marginally up by 0.04 per cent to Rs 994.50 per kg in futures market today as speculators built up fresh positions.
At the Multi Commodity Exchange, nickel for delivery in current month up by 40 paise, or 0.04 per cent, to Rs 994.50 per kg in business turnover of 786 lots.
On similar lines, the metal for delivery in June contracts gained 20 paise, or 0.02 per cent, to Rs 999 per kg in 118 lots.
Analysts said speculators created fresh positions, taking positive cues from spot market following pick up in demand from alloy-makers, led to the rise in nickel prices in futures trade here.
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