Nickle futures up 0.48% on pick up in demand

Nickel prices went up by means of zero.forty eight per cent to Rs 588.40 per kg in futures trade nowadays as speculators widened their positions, pushed by means of choose up widespread on the domestic spot markets even as make a choice metals weakened out of the country.

In futures buying and selling on the Multi Commodity exchange, nickel for supply in may just spurted Rs 2.80 or 0.48 per cent to Rs 588.40 per kg in a trade turnover of 798 a lot.

similarly, the metallic for supply in June month was once buying and selling greater by using Rs 2.60 or zero.44 per cent to Rs 594.30 per kg in 53 lots.

Analysts stated rising demand from alloy-makers at home spot markets mainly supported the upside in nickel costs at futures alternate right here but weak development in make a selection base metals in global market capped the positive factors.

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