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Last Updated : Mar 12, 2019 03:28 PM IST | Source: PTI

Nickel futures up on global cues, spot demand

At the MCX, nickel for delivery in March gained Rs 14.70, or 1.64 percent, to Rs 912.60 per kg in a business turnover of 9,150 lots.

Representative image
Representative image

Nickel prices rose 1.64 percent in futures trade on March 12 as speculators raised their bets amid a firming trend overseas and spot demand.

At the Multi Commodity Exchange, nickel for delivery in March gained Rs 14.70, or 1.64 percent, to Rs 912.60 per kg in a business turnover of 9,150 lots.

Apart from increased domestic demand from alloy-makers, firmness in base metals overseas influenced nickel prices at futures trade, analysts said.

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First Published on Mar 12, 2019 03:13 pm
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