Nickel futures gain on spot demand

New Delhi, Feb 19 () Nickel prices on Wednesday edged up Rs 4.60 to Rs 942.80 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 4.60, or 0.49 per cent, to Rs 942.80 per kg in a business turnover of 2,413 lots.

Similarly, the metal for March delivery traded higher by Rs 3.40, or 0.36 per cent, at Rs 943.30 per kg in a business turnover of 57 lots.

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

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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