Economic Times reported that Nickel prices moved up by 0.43% to INR 833.70 per kg in futures market today as speculators enlarged their positions taking cues from a firming trend in spot markets.
An analyst said that “Besides, rise in copper and other base metals in global markets also supported the upside.”
At the Multi Commodity Exchange, nickel for delivery in May gained INR 3.60 or 0.43%, to INR 833.70 per kg in business turnover of 435 lots.
Analyst said that increased domestic demand from alloy makers at spot markets influenced nickel futures contracts.
