NEW DELHI: Nickel prices gained further by 0.46 per cent on the Multi Commodity Exchange (MCX) Monday on increased buying by speculators, driven by pick up in demand in the spot market.

At 1205 hrs, Nickel for the most active July month contract moved up by 0.46 per cent to Rs 765 per kg with an open interest of 3,825 lots.It had gained 0.99 per cent in yesterday's trading.

Similarly, the metal for delivery in June contract traded higher by 0.42 per cent to Rs 762.40 per kg with an open interest of 4,726 lots. Marketmen said increased buying by speculators due to pick up in demand from stainless steel makers attributed ris e in nickel prices at futures market here. ¨C PTI