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Nickel futures gain on spot demand

PTI   

Nickel futures gain on spot demand
Business1 min read
New Delhi, Mar 3 () Nickel prices on Tuesday gained Rs 3.10 to Rs 937.20 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.

On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 3.10, or 0.33 per cent, to Rs 937.20 per kg in a business turnover of 1,711 lots.

Similarly, the metal for April delivery traded higher by Rs 1.80, or 0.19 per cent, at Rs 936.10 per kg in a business turnover of 12 lots.

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

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