New Delhi, Jun 2 (PTI) Nickel prices on Tuesday rose 0.2 per cent to Rs 954 per kg in futures trade as speculators built positions on rising demand from alloy makers in the spot market.
On the Multi Commodity Exchange, nickel contracts for June delivery gained Rs 1.90, or 0.2 per cent, to Rs 954 per kg in a business turnover of 1,843 lots.
Similarly, the metal for July delivery traded higher by Rs 3.20, or 0.34 per cent, at Rs 958 per kg in a business turnover of 148 lots.
Rising demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said. PTI RUJ SHW SHW