Quick Conversions
Nickel Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
What "Nickel Ingot" Actually Refers To
Searching for a "nickel ingot price" turns up a term that's more common in casual trade language than in formal exchange rules. Today's nickel reference rate is ₹1.41 per gram on September 21, 2026, tracking the same underlying commodity price that any physical nickel product — ingot, cathode, briquette or otherwise — is ultimately priced against.
- LME-deliverable forms: full plate, cut cathodes, pellets, briquettes, rounds
- Minimum purity: 99.80% (grade Ni9990)
- "Ingot": an informal/supplier term for cast nickel shapes, not an LME-defined form
Nickel Reference Rate by Weight
Today's Nickel rate is One Rupees per gram. At this rate, 10 grams of Nickel costs Fourteen Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹1.41 | One Rupees |
| 8 Grams | 8.0000 g | ₹11.31 | Eleven Rupees |
| 10 Grams | 10.0000 g | ₹14.14 | Fourteen Rupees |
| 100 Grams | 100.0000 g | ₹141.37 | One Hundred and Forty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹1,413.68 | One Thousand Four Hundred and Fourteen Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹40.08 | Forty Rupees |
| 1 Troy Ounce | 31.1035 g | ₹43.97 | Forty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹1,413,682.00 | Fourteen Lakh Thirteen Thousand Six Hundred and Eighty Two Rupees |
Why Exchange-Grade Nickel Doesn't Actually Look Like an "Ingot"
The London Metal Exchange, the world's primary nickel trading venue, specifies delivery in a handful of defined physical forms: full plate, cut cathodes, pellets, briquettes and rounds — not a cast bar shape the word "ingot" typically brings to mind. Every one of those forms must meet a minimum 99.80% purity standard, conforming to international specification ASTM B39-79 or the Chinese standard GB/T 6516-2010, commonly known as grade Ni9990.
Where the "ingot" language actually comes from
Smaller industrial buyers, foundries and specialty alloy producers do sometimes source cast nickel shapes described as ingots, bars or shot by their suppliers, typically intended for melting directly into a specific alloy formulation rather than exchange delivery. That physical product genuinely exists in the market — it's just priced and traded outside the standardized cathode-and-briquette system the LME itself governs.
| Form | Exchange-Recognized? |
|---|---|
| Cut cathodes | Yes |
| Briquettes | Yes |
| Pellets | Yes |
| Rounds / full plate | Yes |
| Cast "ingot" / bar / shot | No — supplier/industrial term |
Nickel Reference Rate — Last 10 Days
The most recent Nickel price on record (2026-09-21) is One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-21 | ₹1.41 | 0.00 |
| 2026-09-20 | ₹1.41 | 0.00 |
| 2026-09-19 | ₹1.42 | +0.00 |
| 2026-09-18 | ₹1.42 | -0.01 |
| 2026-09-17 | ₹1.42 | +0.01 |
| 2026-09-16 | ₹1.41 | +0.01 |
| 2026-09-15 | ₹1.39 | -0.03 |
| 2026-09-14 | ₹1.43 | -0.01 |
| 2026-09-13 | ₹1.44 | +0.00 |
| 2026-09-12 | ₹1.43 | — |
What This Means for Anyone Pricing Physical Nickel
Whatever the physical shape, all nickel ultimately prices off the same underlying commodity reference this page tracks, with a premium layered on top to cover casting, certification and the smaller, less liquid market for shaped physical nickel compared to standard exchange-registered forms. There's no single published international benchmark specifically for "ingot" premiums, since they vary by supplier, region and order size — which is exactly why the LME-style reference rate, not a specific ingot quote, is the number worth anchoring to.
The comparison table and 10-day history above track that reference rate's recent movement. For a longer view, the site's own nickel price history page holds real recorded data.
Nickel Ingot Price — FAQs
Not on the London Metal Exchange, no. The LME's nickel contract specifies delivery as full plate, cut cathodes, pellets, briquettes or rounds -- "ingot" is a colloquial or industrial-supplier term sometimes used loosely for cast nickel shapes, but it isn't one of the exchange's formally defined deliverable forms.
LME-deliverable primary nickel must meet a minimum 99.80% purity standard, conforming to international specification ASTM B39-79 or the Chinese standard GB/T 6516-2010, commonly referred to as grade Ni9990.
Smaller industrial buyers, foundries and specialty alloy producers sometimes source cast nickel shapes -- described by suppliers as ingots, bars or shot -- for melting into specific alloy formulations, separate from the large-volume cathode and briquette trade that dominates exchange-registered nickel.
Physical nickel in any cast or shaped form -- ingot, bar, shot -- typically trades at a premium over the LME cash reference price, reflecting the cost of casting, quality certification, and the smaller, less liquid market for shaped physical nickel compared to standard exchange-registered cathodes and briquettes.
Because ingot premiums vary by supplier, region and order size, with no single published international benchmark the way there is for LME cathode and briquette nickel. This page's reference rate tracks the underlying commodity price that any physical ingot premium gets added on top of.
