NEW DELHI: Nickel prices rose by 0.40 per cent to Rs 980.40 per kg in futures trade today supported by rising demand at spot markets from alloy makers and a firming trend in base metals in the global markets.
At the Multi Commodity Exchange, nickel for delivery in January up by Rs 3.90, or 0.40 per cent, to Rs 980.40 per kg, with a business turnover of 152 lots.
Similarly, the metal for delivery in December traded higher by Rs 3.70, or 0.38 per cent, to Rs 974.10 per kg, with a turnover of 1,885 lots.
Marketmen said the rise in nickel prices at futures trade was mostly on the back of increased demand at spot markets from alloy makers and a firming trend in base metals at the London Metal Exchange on the back of positive Chinese economic data.
