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ET:Nickel futures up on global cues |
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NEW DELHI: Amid strong domestic demand and firming global trend, nickel prices rose 0.82 per cent to Rs 980 per kg in futures trade today.
At the multi Commodity Exchange, nickel for delivery in February rose by Rs 8, or 0.82 per cent to Rs 980 per kg in business turnover of 13,808 lots.
Similarly, the metal for March contract traded higher by Rs 7.70, or 0.79 per cent to Rs 985 per kg in 648 lots.
Market analysts said besides strong domestic demand in the spot market, firming global trend mainly pushed up nickel prices at futures market.
Meanwhile, nickel advanced 0.3 per cent to $18,227 a tonne on the London Metal Exchange.
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