Nickel futures rise on firm spot demand

New Delhi, Oct 28 (PTI) Nickel prices on Wednesday rose by 1.83 per cent to Rs 1,204 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for November delivery gained Rs 21.60, or 1.83 per cent, to Rs 1,204 per kg in a business turnover of 2,795 lots.

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