Nickel up 0.24% in futures trade on rising spot demand

Supported by rising demand from alloy-makers in domestic spot markets and a firming trend overseas, nickel prices moved up by 0.24 per cent to Rs 807.90 per kg in futures trade today.

Nickel for delivery in May moved up by Rs 1.90 or 0.24 per cent to Rs 807.90 per kg, in a business turnover of 150 lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in current month contracts traded higher by Rs 1.70 or 0.21 per cent to Rs 800.50 per kg, in 1,316 lots.

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