NEW DELHI, Oct 10: Buoyed by rising spot demand and a firming trend overseas, nickel futures prices today moved up by 0.47 per cent to Rs 853.60 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, nickel prices for delivery in October gained Rs 4, or 0.47 per cent, to Rs 853.60 per kg in business turnover of 792 lots.
The metal prices for delivery in November contracts also rose by Rs 3.70, or 0.43 per cent, to Rs 862.30 per kg in 33 lots.
Analysts said apart from increased domestic demand from alloy-makers at spot markets, rebound in copper and other base metals at the London Metal Exchange on optimism that US lawmakers will reach a deal to raise the debt limit, easing concern that global growth will slow, influenced nickel futures here. (PTI)
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