NEW DELHI, Mar 15: Nickel prices moved up by 0.29 per cent to Rs 941.10 per kg in futures market today after speculators enlarged their position on the back of increased demand in spot market from alloy-makers even as metal rose globally.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2.70, or 0.29 per cent, to Rs 941.10 per kg in business turnover of 4,112 lots.
In a similar fashion, the metal for delivery in March rose by Rs 2.60, or 0.28 per cent, to Rs 934.90 per kg in 4,112 lots.
Market analysts said increased domestic demand from alloy- makers mainly influenced nickel futures prices but metal’s weakness at the London Metal Exchange, restricted the gains. (PTI)
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