Nickel futures gain on firm spot demand

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New Delhi, Mar 24 (PTI) Nickel prices rose 0.74 per cent to Rs 1,157 per kg in the futures trade on Wednesday 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 March delivery gained Rs 8.50, or 0.74 per cent, to Rs 1,157 per kg in a business turnover of 1,777 lots.

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