Nickel futures up on spot demand

New Delhi, Jan 28 () Nickel prices on Tuesday edged up by Rs 7.90 to Rs 945.20 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in domestic market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 7.90, or 0.84 per cent, to Rs 945.20 per kg in a business turnover of 2,382 lots.

The metal for delivery in March gained Rs 7.10, or 0.76 per cent, to Rs 946.10 per kg in a business turnover of 51 lots.

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