Rising demand lifts nickel futures

New Delhi, Feb 4 () Nickel prices on Tuesday edged up by Rs 19.70 to Rs 957.50 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in domestic market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 19.70, or 2.1 per cent, to Rs 957.50 per kg in a business turnover of 2,282 lots.

The metal for delivery in March gained Rs 21.70, or 2.32 per cent, to Rs 958.30 per kg in a business turnover of 99 lots.

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