Nickel futures edge up marginally on fresh bets

New Delhi, Jan 24 () Nickel prices on Friday edged up by 50 paise to Rs 1,004.30 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery gained 50 paise, or 0.05 per cent, to Rs 1,004.30 per kg in a business turnover of 1,861 lots.

Similarly, the metal for February delivery traded higher by 80 paise, or 0.08 per cent, at Rs 985.60 per kg in a business turnover of 349 lots.

Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP SHW SHW