Nickel futures gain 1.8 pc on domestic demand

New Delhi, Mar 13 () Nickel prices on Friday edged up by Rs 16.10 to Rs 910.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers in spot market.

On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 16.10, or 1.8 per cent, to Rs 910.50 per kg in a business turnover of 6,628 lots.

Similarly, the metal for April delivery traded higher by Rs 12.50, or 1.4 per cent, at Rs 905.80 per kg in a business turnover of 257 lots.

Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP RUJRUJ