NEW DELHI, June 19: Nickel prices gained 0.47 per cent to Rs 813.50 per kg in futures trade today as speculators enlarged positions, supported by rising demand from alloy-makers at the spot market.
Besides, a firming trend in metal at the London Metal Exchange (LME) supported the upside.
Nickel for delivery in current month (June) was trading Rs 3.80, or 0.47 per cent higher at Rs 813.50 per kg in a business turnover of 1,248 lots.
The metal for delivery in July traded higher by Rs 3.30, or 0.40 per cent, to Rs 820.40 per kg in 35 lots.
Analysts said the rise in nickel prices in futures trade was mostly on the back of rising demand from alloy-makers at domestic spot markets amid a firming trend in select base metals at the LME. (PTI)
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