Nickel futures rise on firm spot demand

On the Multi Commodity Exchange, nickel contracts for August delivery gained Rs 3.40, or 0.31 percent, to Rs 1,111 per kg in a business turnover of 2,072 lots.

PTI

August 19, 2020 / 14:36 IST

Nickel prices on Wednesday rose by 0.31 percent to Rs 1,111 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 3.40, or 0.31 percent, to Rs 1,111 per kg in a business turnover of 2,072 lots.

Rising demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.

PTI

first published: Aug 19, 2020 02:31 pm

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