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Nickel prices surged by 0.32 per cent to Rs 885 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy -makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, nickel for delivery in October month up by Rs 2.80, or 0.32 per cent, to Rs 885 per kg in business turnover of 166 lots.
In a similar fashion, the metal for delivery in September edged higher by Rs 2.60, or 0.30 per cent, to Rs 876.10 per kg in 1,887 lots.
Lead prices rose by 0.37 per cent to Rs 135.80 per kg in futures market today as speculators built-up positions, driven by pick-up in demand from battery makers in the spot market amid a firm global trend.
At the Multi Commodity Exchange, lead for delivery in October rose by 50 paise, or 0.37 per cent, to Rs 135.80 per kg in business turnover of 83 lots.
Likewise, the metal for delivery in September traded higher by 35 paise, or 0.26 per cent, to Rs 134.70 per kg in 1,889 lots.
Market analysts attributed the rise in lead prices at futures trade to rising demand from battery - makers in the spot market and a firming trend in the global market.
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