Nickel futures marginally up on spot demand

New Delhi, Mar 25 () Nickel prices on Wednesday gained 0.25 per cent to Rs 868.50 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 March delivery gained Rs 2.20, or 0.25 per cent, to Rs 868.50 per kg in a business turnover of 130 lots.

Similarly, the metal for April delivery traded higher by 40 paise, or 0.05 per cent, at Rs 865.50 per kg in a business turnover of 1,602 lots.

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