Nickel futures edged higher on MCX as participants built up fresh positions amid pickup in demand from alloy-makers and other consuming industries in the spot market.
The contract for July delivery was trading at Rs 594.20, up by 0.20% or Rs 1.20 from its previous closing of Rs 593.00. The open interest of the contract stood at 30757 lots.
The contract for August delivery was trading at Rs 598.70, up by 0.13% or Rs 0.80 from its previous closing of Rs 597.90. The open interest of the contract stood at 2379 lots on MCX.