Quick Conversions
Nickel Price Per Kg — 10-Day Movement
All prices in ₹ per gram · daily rate, updated once per day
Nickel Price Per Kg — The Number Buyers Actually Use
The nickel price per kg in India today comes to ₹1,410.57, worked out from a live per-gram rate of ₹1.41 on September 17, 2026. Nobody buying nickel for a foundry, an alloy shop or a stainless steel mill thinks in grams. The kilogram — and beyond a certain volume, the tonne — is the unit the physical trade actually runs on, which is why this page leads with that conversion rather than burying it in a table.
The benchmark itself is a straightforward pipeline: the international nickel price set on the London Metal Exchange gets converted into rupees at the day's USD/INR rate. What lands on this page is that converted figure — before import duty, freight and dealer margin are added on top for an actual industrial transaction.
- 1 gram: ₹1.41
- 10 grams: ₹14.11
- 100 grams: ₹141.06
- 1 kilogram: ₹1,410.57
- 1 metric tonne: ₹1,410,573.00
Nickel Price Per Kg and Other Trading Units
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 | ₹11.28 | Eleven Rupees |
| 10 Grams | 10.0000 g | ₹14.11 | Fourteen Rupees |
| 100 Grams | 100.0000 g | ₹141.06 | One Hundred and Forty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹1,410.57 | One Thousand Four Hundred and Eleven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹39.99 | Forty Rupees |
| 1 Troy Ounce | 31.1035 g | ₹43.87 | Forty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹1,410,573.00 | Fourteen Lakh Ten Thousand Five Hundred and Seventy Three Rupees |
Refined Nickel, NPI and Why the Per Kg Figure Isn't One Single Product
Not every kilogram of nickel sold anywhere in the world costs the same, because "nickel" covers more than one grade. This page's benchmark tracks refined nickel, the higher-purity form that trades on the LME. A large and growing share of global nickel supply, however, arrives as nickel pig iron — a cheaper, lower-purity form produced mainly in Indonesia and China specifically to feed the stainless steel industry. NPI does the stainless steel job at a lower cost per kg, which is exactly why it exists, but it isn't a substitute everywhere refined nickel is used.
Where the per kg rate actually gets used
Stainless steel producers watch this number because nickel is the alloying ingredient that gives their product its corrosion resistance — a rise in the nickel rate flows fairly directly into stainless steel input cost. Battery-materials buyers watch it for a different reason: nickel-rich cathode chemistries, referred to in the industry as NMC or NCA, use nickel by the kilogram as a direct input, and that demand line has grown quickly as electric vehicle production has scaled up.
Currency movement sits underneath both stories. A weaker rupee lifts the India-side per kg figure even when the LME nickel price itself is flat, since the conversion runs through the day's USD/INR rate before anything else is added.
Nickel Price Per Kg — Last 10 Days
The most recent Nickel price on record (2026-09-17) is One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹1.41 | +0.00 |
| 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 | +0.00 |
| 2026-09-11 | ₹1.43 | -0.02 |
| 2026-09-10 | ₹1.45 | -0.01 |
| 2026-09-09 | ₹1.46 | +0.01 |
| 2026-09-08 | ₹1.45 | — |
Using the Per Kg Rate for Planning, Not Just Checking
A single day's per kg figure is a data point. What it becomes useful for is comparison — against yesterday, against last week, against the trend the 10-day history table below lays out. Procurement decisions rarely hinge on one number; they hinge on whether that number has been climbing, falling or sitting still over a meaningful stretch.
Nickel has a history worth knowing before reading too much into any single week's movement — including the March 2022 episode when a short squeeze forced the London Metal Exchange to suspend nickel trading entirely, an event without recent precedent for the exchange. That is a longer conversation than a per kg conversion page needs to carry, but it is a reminder that this metal can move faster than most other base metals when supply and positioning line up the wrong way.
For day-to-day use, the practical habit is simple: check the per kg rate against the comparison card above before treating any single reading as decisive.
Nickel Price Per Kg — Common Questions
The nickel price per kg in India today is ₹1,410.57, derived from a live per-gram rate of ₹1.41 as of September 17, 2026.
The conversion is a straight multiplication: the per-gram benchmark multiplied by 1,000. That benchmark itself starts from the international LME nickel price, converted into rupees using the day's USD/INR rate before any local duty or margin is added.
Scaling the same per-gram rate up to a full metric tonne gives ₹1,410,573.00. Nickel is quoted internationally per tonne on the LME, so this figure is the closest like-for-like comparison to that international quote.
Not exactly. The benchmark reflects the raw metal value only. A real purchase of nickel-bearing alloy, scrap, or finished stainless steel product carries import duty, processing cost, alloy premium and dealer margin on top, so the invoiced price is usually higher than the bare per-kg figure shown here.
No. Nickel pig iron (NPI) is a lower-purity, lower-cost substitute produced mainly in Indonesia and China for the stainless steel industry, and it trades at a discount to higher-purity refined nickel. The per-kg figure on this page tracks the refined benchmark, not NPI.
