Nickel futures up on spot demand
Feb 7, 2020, 12:46 IST
New Delhi, Feb 7 () Nickel prices on Friday edged up by Rs 2.60 to Rs 959.70 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 February delivery gained Rs 2.60, or 0.27 per cent, to Rs 959.70 per kg in a business turnover of 2,903 lots.
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Similarly, the metal for March delivery traded higher by Rs 4.20, or 0.44 per cent, at Rs 960.20 per kg in a business turnover of 25 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)