NEW DELHI, Mar 28: Nickel remained higher for the second straight day as prices rose 0.19 per cent to Rs 947.70 per kg in futures trading today as speculators enlarged positions, tracking a firm trend at spot market on increased demand from alloy-makers.
Further, a rising trend in copper and other base metals overseas also influenced prices.
At the Multi Commodity Exchange, nickel for delivery in March rose by Rs 1.80, or 0.19 per cent to Rs 947.70 per kg in business turnover of 819 lots.
Similarly, the metal for delivery in April contract edged up by Rs 1.50, or 0.16 per cent to Rs 953.50 per kg in 171 lots.
Analysts said the rise in nickel prices at futures trade was mostly attributed to positions enlarged by speculators, tracking a firm trend at spot market on increased demand from alloy-makers and gains in copper and other base metals at the London Metal Exchange. (AGENCIES)
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