 "Nickel up by 0.3% on spot demand")
Supported by rising demand from alloy-makers in domestic spot markets, nickel prices moved up by 0.28 per cent to Rs 653.50 per kg in futures trade today.
Nickel for delivery in November moved up by Rs 1.80, or 0.28 per cent, to Rs 653.50 per kg, in a business turnover of 812 lots at Multi Commodity Exchange.
Similarly, the metal for delivery in December traded higher by Rs 1.50, or 0.23 per cent, to Rs 660 per kg in 25 lots.
Analysts attributed the rise in nickel prices to enlarging of exposure by speculators, driven by rising demand from alloy-makers in the spot market, but the metal's weakness at the London Metal Exchange (LME) limited the gains.
