Nickel futures rise on firm spot demand

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New Delhi, April 23 (PTI) Nickel prices rose by 0.22 per cent to Rs 1,205.30 per kg in futures trade on Friday as speculators built fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery gained Rs 2.60, or 0.22 per cent, to Rs 1,205.30 per kg in a business turnover of 1,384 lots.

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