New Delhi, Jan 21 (PTI) Nickel prices increased by 0.37 per cent to Rs 1,796.50 per kg in futures trade on Friday, as speculators built up fresh positions amid rising demand from alloy makers in the spot market.
On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 6.70, or 0.37 per cent, to Rs 1,796.50 per kg in a business turnover of 2,427 lots.
A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said. PTI RUJ BAL
