Nickel futures advance on spot demand

nickel: ETMarkets Special Podcast: Why is nickel rallying amid US ...

Nickel prices on Monday rose 0.02 per cent to Rs 937.80 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 May delivery gained 20 paise, or 0.02 per cent, to Rs 937.80 per kg in a business turnover of 1,458 lots.

Similarly, the metal for June delivery traded higher by Rs 1.30, or 0.14 per cent, at Rs 938.70 per kg in a business turnover of 203 lots.

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