NEW DELHI, Sept 19: Buoyed by a firming trend overseas, nickel prices rose 0.34 per cent to Rs 1,088.80 per kg in futures trading today as participants enlarged speculative positions.
Besides, rising demand at domestic spot markets from alloy-makers also supported the upside.
At the Multi Commodity Exchange, nickel for delivery in September rose Rs 3.70, or 0.34 per cent, to Rs 1,088.80 per kg in a business turnover of 538 lots.
The metal for delivery in October gained Rs 3.20, or 0.29 per cent, to trade at Rs 1,096.20 per kg in 20 lots.
Market analysts said besides rising domestic demand, a firming trend in the base metals pack at the London Metal Exchange (LME), mainly led to the rise in nickel futures here. (PTI)
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