Nickel futures gain on firm spot demand

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New Delhi, Feb 5 (PTI) Nickel prices rose by 1.52 per cent to Rs 1,301.70 per kg in futures trade on Friday as speculators built fresh positions on a rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 19.50, or 1.52 per cent, to Rs 1,301.70 per kg in a business turnover of 2,062 lots.

Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said. PTI SHW RUJ RUJ