NEW DELHI, Sept 10: Nickel prices gained 0.17 per cent to Rs 1,151.50 per kg in the futures trade today as speculators enlarged positions, supported by rising demand from alloy-makers in the spot market.
Besides, a firming trend in base metals at the London Metal Exchange supported the upside.
At the Multi Commodity Exchange, nickel for delivery in September moved up by Rs 1.60, or 0.17 per cent, to Rs 1,149.60 per kg in a business turnover of 446 lots.
In a similar fashion, the metal for delivery in October traded higher by Rs 1.60, or 0.14 per cent, to Rs 1,157.60 per kg in 13 lots.
Analysts said speculators enlarged positions on rising demand from alloy-makers in the spot market and a firming trend in metals overseas, mainly influenced nickel prices at futures trade. (PTI)
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