Moneycontrol PRO
Upcoming Webinar:Watch a panel of experts discuss: Challenges of continuously evolving regulation for Cryptocurrency, on 7th July at 3pm. Register Now

Nickel futures rise on firm spot demand

On the Multi Commodity Exchange, nickel contracts for August delivery gained Rs 5, or 0.48 percent, to Rs 1,048 per kg in a business turnover of 1,499 lots.

July 31, 2020 / 02:16 PM IST

Nickel prices on Friday rose by 0.48 percent to Rs 1,048 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, or 0.48 percent, to Rs 1,048 per kg in a business turnover of 1,499 lots.

Rising demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
PTI
first published: Jul 31, 2020 02:10 pm
Sections
ISO 27001 - BSI Assurance Mark