Nickel prices hardened by 0.69 per cent to Rs 932 per kg in futures market today as traders raised bets, driven by pick up in demand from consuming industries in the spot market.
At the Multi Commodity Exchange (MCX), nickel for delivery in August went up by Rs 6.40, or 0.69 per cent, to Rs 932 per kg in a business turnover of 1,216 lots.
Similarly, the metal for delivery in September contracts was trading higher by Rs 6.10, or 0.66 per cent, to Rs 937 per kg in 60 lots.
Analysts said expansion of positions by participants due to upsurge in demand from alloy-makers at the domestic spot market led to rise in nickel prices in futures trade.
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