NEW DELHI, Oct 9: Nickel prices moved up by 1.30 per cent to Rs 678.20 per kg in futures market today after speculators widened bets, tracking a firm trend in the spot market on increased demand from alloy makers.
At Multi Commodity Exchange, nickel for delivery in November gained Rs 8.70, or 1.30 per cent, to Rs 678.20 per kg in a business turnover of 116 lots.
In a similar manner, the metal for delivery in October rose Rs 8.30, or 1.28 per cent, to Rs 671.30 per kg in 2,581 lots.
Analysts said apart from increased domestic demand from alloy makers and other consuming industries, strength in base metals at the London Metal Exchange, influenced nickel futures here. (PTI)
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