NEW DELHI, Jan 6: Nickel futures prices today rose by 0.39 per cent to Rs 876.30 per kg after speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, nickel for delivery in January rose by Rs 3.40, or 0.39 per cent, to Rs 868.50 per kg in business turnover of 602 lots.
Similarly, the metal for delivery in February traded higher by Rs 2.70, or 0.31 per cent, to Rs 876.30 per kg in five lots.
Market analysts said besides rising spot demand, a firming trend in base metals at the London Metal Exchange before data that may show expansion in US services and factory orders, boosting the demand outlook for industrial metals, helped nickel futures to trade higher. (AGENCIES)
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