NEW DELHI: Amid pick up in demand from alloy-makers, nickel prices gained 0.70 per cent to Rs 963.50 per kg in futures trading today.
At the Multi Commodity Exchange, nickel for delivery in July rose by Rs 6.70, or 0.70 per cent, to Rs 963.50 per kg, with a business turnover of 235 lots.
Similarly, the metal for delivery in the June edged up by Rs 6.40, or 0.67 per cent, to Rs 956.20 per kg in 2,033 lots.
Analysts said increased demand from alloy-makers in the spot market helped nickel futures to trade higher but weakness in metal overseas capped the gains.
Meanwhile, nickel dropped 0.7 per cent to USD 17,061 a tonne at the London Metal Exchange.
