NEW DELHI, Sept 11: Nickel prices surged by 1.42 per cent to Rs 883.50 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy-makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, nickel for delivery in September month traded Rs 12.40, or 1.42 per cent, higher at Rs 883.50 per kg in business turnover of 728 lots.
In a similar fashion, the metal for delivery in October shot up by Rs 12, or 1.36 per cent, to Rs 892 per kg in 44 lots.
Market analysts said the rise in nickel futures was attributed to rising demand at spot market from alloy-makers and a firming trend in copper and other base metals on the global market driven by upbeat Chinese economic data and easing concerns over Syria. (PTI)
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