Nickel futures rise on firm spot demand

New Delhi, Nov 19 (PTI) Nickel prices on Thursday rose 0.19 per cent to Rs 1,185.30 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for November delivery gained Rs 2.20, or 0.19 per cent, to Rs 1,185.30 per kg in a business turnover of 1,818 lots.

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