Nickel futures rise on firm spot demand

New Delhi: Nickel prices on Tuesday rose by 0.08 per cent to Rs 1,145 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery gained 90 paise, or 0.08 per cent, to Rs 1,145.50 per kg in a business turnover of 1,722 lots.

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