Nickel futures rise on firm spot demand

The rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said. New Delhi: Nickel prices rose by 0.44 per cent to Rs 1,220.30 per kg in futures trade on Tuesday as speculators built fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery gained Rs 5.30, or 0.44 percent, to Rs 1,220.30 per kg in a business turnover of 1,594 lots.

The rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
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