New Delhi: Nickel prices moved up by 0.43 per cent to Rs 833.70 per kg in futures market today as speculators enlarged their positions taking cues from a firming trend in spot markets.
Besides, rise in copper and other base metals in global markets also supported the upside, analysts said.
At the Multi Commodity Exchange, nickel for delivery in May gained Rs 3.60, or 0.43 per cent, to Rs 833.70 per kg in business turnover of 435 lots.
The metal for delivery in June rose by Rs 3.50 or 0.42 per cent, to Rs 840 per kg in 47 lots.
Analysts said increased domestic demand from alloy-makers at spot markets influenced nickel futures contracts.
