Nickel futures edge up on spot demand
Jan 31, 2020, 12:33 IST
New Delhi, Jan 31 () Nickel prices on Friday edged up by Rs 4 to Rs 943.40 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 February delivery gained Rs 4, or 0.43 per cent, to Rs 943.40 per kg in a business turnover of 2,185 lots.
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Similarly, the metal for March delivery traded higher by Rs 4.80, or 0.51 per cent, at Rs 941.70 per kg in a business turnover of 15 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP SHW SHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)