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Nickel futures gain on firm spot demand

January 3, 2021 by admin 0 Comments

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Nickel prices rose by 0.59 per cent to Rs 1,219.40 per kg in futures trade on Friday as speculators built fresh positions on rising demand from alloy makers in spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 7.20, or 0.59 per cent, to Rs 1,219.40 per kg in a business turnover of 2,142 lots.

Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.

This article was originally published by Indiatimes.com. Read the original article here.