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.
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.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.