ET:Nickel futures up 0.22 per cent on firm demand, overseas cues
NEW DELHI: Nickel futures prices today moved up by 0.22 per cent to Rs 852.80 per kg as speculators created fresh positions taking cues from a firming trend in spot markets and overseas trend.
At the Multi Commodity Exchange, nickel prices for delivery in September gained Rs 1.90, or 0.22 per cent, to Rs 852.80 per kg in business turnover of 827 lots.
The metal prices for delivery in October rose by Rs 1.40, or 0.16 per cent, to Rs 862.60 per kg in 116 lots.
Analysts said increased domestic demand from alloy-makers at spot markets and metal's gain at the London Metal Exchange (LME) influenced nickel prices at futures trade.
