Nickel futures gain on firm spot demand

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New Delhi, Feb 22 (PTI) Nickel prices rose by 0.54 per cent to Rs 1,434.80 per kg in futures trade on Monday as speculators built fresh positions on a rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 7.70, or 0.54 per cent, to Rs 1,434.80 per kg in a business turnover of 2,368 lots.

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