Nickel futures rise on firm spot demand

Nickel futures rise on firm spot demand

NEW DELHI: Nickel prices on Monday rose 0.65 per cent to Rs 1,330.50 per kg in the futures trade as speculators built fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 8.60, or 0.65 per cent, to Rs 1,330.50 per kg in a business turnover of 1,961 lots.

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

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