News

NEW DELHI: Nickel prices were up 0.96 per cent to Rs 1,343.20 per kg in the futures trade on Friday, as speculators built up fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 12.80, or 0.96 per cent, to Rs 1,343.20 per kg in a business turnover of 1,819 lots.

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

Articles You May Like

Gold Price Forecast: XAU/USD pulls back from two-week high as Fed’s decision looms
Gold’s nemesis dollar, triggers Rs 2,800 fall from peak. Is there a silver lining?
USDCHF Technical Analysis – Watch this key support
The EURUSD is centering itself between hourly MA levels. Fed decision 24 hour away.
GB/JPY struggling to maintain control above 183.00, further downside in the crosshairs