NEW DELHI, Feb 18: Nickel prices moved up by 0.36 per cent to Rs 898.80 per kg in futures market today after speculators enlarged their position on the back of increased demand in spot market from alloy-makers amid a firming trend in base metals oversees.
At the Multi Commodity Exchange, nickel for delivery in March gained Rs 3.70, or 0.36 per cent, to Rs 898.80 per kg in business turnover of 12 lots.
In a similar fashion, the metal for delivery in current month rose by Rs 3.10, or 0.35 per cent, to Rs 891 per kg in 405 lots.
Market analysts said apart from increased domestic demand from alloy-makers, a firming trend in base metals overseas, supported the upside in nickel futures prices here. (AGENCIES)
Trending Now
E-Paper
Follow our WhatsApp channel