NEW DELHI, Jan 24:Nickel prices rose 0.05 per cent to Rs 816.70 per kg in futures trade today as participants widened bets, driven by pick-up in demand in the domestic spot market.
Besides, covering-up of short positions by speculators supported the upside.
At the Multi Commodity Exchange, nickel for delivery in the January rose 40 paise, or 0.05 per cent, to Rs 816.70 per kg in business turnover of 330 lots.
The metal for delivery in February contracts edged up by 30 paise, or 0.04 per cent, to trade at Rs 820.80 per kg in 23 lots.
Analysts attributed rise in nickel futures to widening of positions by traders due to pick up in demand from alloy- makers in the spot market. (PTI)
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