Nickel futures rise on fresh bets

Nickel prices on Friday gained 0.64 per cent to Rs 865.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market

On the Multi Commodity Exchange, nickel contracts for April delivery gained Rs 5.50, or 0.64 per cent, to Rs 865.50 per kg in a business turnover of 1,602 lots

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