Nickel futures rise on spot demand
Jan 29, 2020, 12:45 IST
New Delhi, Jan 29 () Nickel prices on Wednesday edged up by Rs 11.10 to Rs 950 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 January delivery gained Rs 11.10, or 1.18 per cent, to Rs 950 per kg in a business turnover of 3 lots.
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Similarly, the metal for February delivery traded higher by 3.10 paise, or 0.33 per cent, at Rs 935 per kg in a business turnover of 3,900 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP RUJ RUJ(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)