Nickel futures gain on firm spot demand

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New Delhi, Mar 26 (PTI) Nickel prices rose by 1.11 per cent to Rs 1,193.60 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 April delivery gained Rs 13.10, or 1.11 per cent, to Rs 1,193.60 per kg in a business turnover of 1,865 lots.

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