NEW DELHI: Supported by strong domestic demand from alloy-makers and a firming trend overseas, nickel prices moved up by 0.48 per cent to Rs 879.10 per kg in futures trade today.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 4.20, or 0.48 per cent, to Rs 879.10 per kg, with a business turnover of 1,221 lots.
Similarly, the metal for delivery in October traded higher by Rs 4.20, or 0.46 per cent, to Rs 868.40 per kg, with an open interest of 1,638 lots.
Marketmen said besides pick-up in demand from alloy makers in the domestic spot markets, a firming trend in base metals overseas mainly pushed up nickel prices at futures market.
