Last Updated : Jun 29, 2020 03:52 PM IST | Source: PTI

Nickel futures rise on firm demand

On the Multi Commodity Exchange, nickel contracts for June delivery gained Rs 4, or 0.41 per cent, to Rs 968 per kg in a business turnover of 43 lots.

PTI

Nickel prices on Monday rose by 0.41 per cent to Rs 968 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 June delivery gained Rs 4, or 0.41 per cent, to Rs 968 per kg in a business turnover of 43 lots.

The metal for July delivery traded up by Rs 3.70, or 0.38 per cent, at Rs 974.40 per kg in a business turnover of 1,567 lots.

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Rising demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
First Published on Jun 29, 2020 03:50 pm
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