Nickel futures rise on firm spot demand

New Delhi, Dec 23 (PTI) Nickel prices rose by 0.06 per cent to Rs 1,264.20 per kg in futures trade on Wednesday as speculators built fresh positions on rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for December delivery gained 80 paise, or 0.06 per cent, to Rs 1,264.20 per kg in a business turnover of 1,992 lots.

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