Nickel prices on Friday edged up by Rs 16.10 to Rs 910.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers in spot market.
On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 16.10, or 1.8 per cent, to Rs 910.50 per kg in a business turnover of 6,628 lots.
Similarly, the metal for April delivery traded higher by Rs 12.50, or 1.4 per cent, at Rs 905.80 per kg in a business turnover of 257 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.
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