Nickel futures gain on firm spot demand

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New Delhi, Feb 19 (PTI) Nickel prices rose 0.92 per cent to Rs 1,400.40 per kg in the futures trade on Friday as speculators built fresh positions on a rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the February delivery gained Rs 12.70, or 0.92 per cent, to Rs 1,400.40 per kg in a business turnover of 1,806 lots.

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