Nickel futures gain on firm spot demand

New Delhi, Jan 14 (PTI) Nickel prices rose by 0.2 per cent to Rs 1,287 per kg in futures trade on Thursday speculators built fresh positions on a rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 2.60, or 0.2 per cent, to Rs 1,287 per kg in a business turnover of 2,183 lots.

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