Nickel futures rise on firm spot demand

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New Delhi, Jul 22 (PTI) Nickel prices increased by 0.28 per cent to Rs 1,395.40 per kg in futures trade on Thursday as speculators built up fresh positions amid rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the July delivery gained Rs 3.90, or 0.28 per cent, to Rs 1,395.40 per kg in a business turnover of 1,358 lots.

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

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