Nickel futures gain on firm spot demand

New Delhi, Jan 4 (PTI) Nickel prices rose 3.99 per cent to Rs 1,262 per kg in the futures trade on Monday, as speculators built fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 48.40, or 3.99 per cent, to Rs 1,262 per kg in a business turnover of 2,347 lots.

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