May 12, 2021

Nickel futures transfer increased amid rising spot demand

NEW DELHI: Nickel costs rose by 0.48 per cent to Rs 1,246 per kg in futures commerce on Monday as speculators constructed contemporary positions on rising demand from alloy makers within the spot market.

On the Multi Commodity Trade, nickel contracts for Might supply gained Rs 6, or 0.48 per cent, to Rs 1,246 per kg in a enterprise turnover of 1,187 heaps.

Rise in demand within the spot market from alloy makers primarily supported the worth rise in nickel futures, analysts stated.