Nickel futures gain 0.20% on spot demand

Nickel prices edged up by 0.20 per cent to Rs 831 per kg in futures trading Thursday as speculators built up fresh positions after firm demand from alloy makers amid firm overseas cues.

At the Multi Commodity Exchange, nickel for delivery in January went up by Rs 1.70, or 0.20 per cent, to Rs 831 per kg in business turnover of 941 lots.

Analysts said fresh positions created by traders after firm demand from alloy-makers at physical market and a firm trend overseas strengthened nickel prices at futures trade.

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