Nickel futures up 0.91 per cent; aided by global cues, spot demand

Nickel prices were up 0.91 per cent to Rs 577.30 per kg in futures market today as speculators widened bets amid a firming trend overseas and spot demand.


In futures trading at Multi Commodity Exchange, nickel for delivery in the current month gained Rs 5.20, or 0.91 per cent, to Rs 577.30 per kg in a business turnover of 104 lots.

The metal for delivery in February rose Rs 4.80, or 0.83 per cent, to Rs 582.20 per kg in 21 lots.

Globally, nickel,used to produce stainless steel rose as much as 2.6 per cent to USD 8,615 per tonne at the LME.

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Posted in: Indian Market Tips