Nickel futures gain on spot demand

New Delhi, Apr 3 () Nickel prices on Friday gained 0.29 per cent to Rs 867.40 per kg in futures trade as speculators built positions on rising demand from alloy-makers in spot market.

On the Multi Commodity Exchange, nickel contracts for April delivery gained Rs 2.50, or 0.29 per cent, to Rs 867.40 per kg in a business turnover of one lot.

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