Nickel futures rise on firm spot demand

News

NEW DELHI: Nickel prices were up 0.74 per cent to Rs 1,324 per kg in the futures trade on Wednesday as speculators built up fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 9.70, or 0.74 per cent, to Rs 1,324 per kg in a business turnover of 1,949 lots.

A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.

Articles You May Like

Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
WTI rises amid mixed OPEC+ signals, US debt-ceiling talks, high US inflation
Gold trades in tight range as market awaits debt ceiling vote
USD/JPY jumps to 140.00 neighbourhood amid broad-based USD strength, ahead of US data
EUR/JPY gains traction above 149.00