Nickel futures rise on firm spot demand

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New Delhi, Jul 9 (PTI) Nickel prices were up 1.06 per cent to Rs 1,392 per kg in the futures trade on Friday, as speculators built up fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the July delivery gained Rs 14.60, or 1.06 per cent, to Rs 1,392 per kg in a business turnover of 2,534 lots.

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

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