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Nickel futures rise on firm spot demand

On the Multi Commodity Exchange, nickel contracts for August delivery gained Rs 5.40, or 0.52 percent, to Rs 1,039.50 per kg in a business turnover of 1,458 lots.

July 29, 2020 / 02:57 PM IST

Nickel prices on Wednesday rose by 0.52 percent to Rs 1,039.50 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 August delivery gained Rs 5.40, or 0.52 percent, to Rs 1,039.50 per kg in a business turnover of 1,458 lots.

Rising demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
PTI
first published: Jul 29, 2020 01:50 pm
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