NEW DELHI, Jan 23: Supported by a firming trend overseas and rising spot demand, nickel futures prices today rose by 0.35 per cent to Rs 938.70 per kg, as speculators enlarged their positions.
At the Multi Commodity Exchange, Nickel prices for delivery in January rose by Rs 3.30, or 0.35 per cent, to Rs 938.70 per kg in business turnover of 1,820 lots.
Similarly, the metal prices for delivery in February traded higher by Rs 2.70, or 0.29 per cent, to Rs 945.40 per kg in 258 lots.
Marketmen said pick up in domestic demand, mostly from alloy-makers, metal’s strength at the London Metal Exchange, influenced nickel prices at the futures trade here. (PTI)
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