NEW DELHI, Nov 16: Nickel prices gained 0.40 per cent to Rs 880.40 per kg in futures market today after participants enlarged positions, taking positive cues from overseas markets, amid pick-up in domestic demand.
At the Multi Commodity Exchange, nickel for delivery in November gained Rs 3.50, or 0.40 per cent, to Rs 880.40 per kg, with a business turnover of 2,543 lots.
The metal for delivery in December traded higher by Rs 3.10, or 0.35 per cent, to Rs 889.50 per kg, with a turnover of 200 lots.
Marketmen said besides pick-up in spot demand from alloy-makers, a firming trend in select base metals at the London Metal Exchange as signs of improved economic growth in China, the biggest user, boosted demand outlook, supported the upside in nickel prices at futures trade here. (PTI)
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