NEW DELHI: Nickel prices went up by 1.13 per cent to Rs 940 per kg in futures market today as speculators indulged in creating positions amid a firming trend in base metals overseas. Besides, an encouraging trend in spot markets on the back of rising demand from alloy-makers supported the upside. At the Multi Commodity Exchange, Nickel for delivery in August gained Rs 10.50, or 1.13 per cent, to Rs 940 per kg in business turnover of 953 lots. Similarly, the metal for delivery in September rose by Rs 9.80, or 1.05 per cent, to Rs 946.30 per kg in 123 lots. Globally, nickel climbed at least 0.7 per cent at the London Metal Exchange. Market analysts said besides increased domestic demand from alloy-makers, firmness in base metals overseas after a manufacturing index in China increased in August from an 11-month low, adding to signs the world's second-biggest economy is stabilising mainly influenced nickel prices at futures trade here.

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