Nickel futures gain on firm spot demand

New Delhi, Jan 7 (PTI) Nickel prices rose 1.56 per cent to Rs 1,321 per kg in the futures trade on Thursday as 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 20.30, or 1.56 per cent, to Rs 1,321 per kg in a business turnover of 2,198 lots.

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