Nickel prices rose by 0.06 per cent to Rs 893.40 per kg in futures trade Friday as speculators built up fresh positions as demand from alloy makers picked up amid a firm trend overseas.
At the Multi Commodity Exchange, nickel for delivery in current month was up by 50 paise, or 0.06 per cent, to Rs 893.40 per kg in a business turnover of 8,980 lots.
Analysts said, fresh positions created by traders on firm demand from alloy makers at physical markets amid a firm trend overseas strengthened nickel prices here.
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