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Nickel futures rise on firm spot demand


NEW DELHI: Nickel prices rose 0.5 per cent to Rs 1,405.50 per kg in the futures trade on Friday, as speculators built up fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the August delivery gained Rs 7, or 0.5 per cent, to Rs 1,405.50 per kg in a business turnover of 1,663 lots.

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



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