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Nickel Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Nickel's Two Very Different Jobs
Nickel, trading at ₹1.41 per gram today, September 17, 2026, is a silvery-white, corrosion-resistant metal doing two genuinely different jobs in the modern economy — one job it has held for generations, and one it has taken on only recently. The older job is stainless steel. The newer one is powering electric vehicles.
Understanding both, and how they relate to each other, explains more about nickel's price behaviour than almost anything else about the metal.
Nickel Price 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 | ₹11.28 | 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 |
The Old Job: Making Stainless Steel Resist Corrosion
Nickel's largest use, still today, is as an alloying ingredient in stainless steel. Add nickel to steel in the right proportion and the resulting alloy resists rust and corrosion in a way plain steel never could — that single property is why stainless steel shows up in everything from kitchen equipment and construction hardware to industrial piping and medical instruments. This use case has anchored the majority of global nickel demand for a very long time, and it still does.
The new job: powering the battery inside an EV
The newer story is the cathode inside an electric vehicle's lithium-ion battery. Nickel-rich chemistries — shortened to NMC (nickel-manganese-cobalt) and NCA (nickel-cobalt-aluminium) in industry conversation — use nickel as a core material, generally because higher nickel content tends to support greater energy density in the finished cell. As EV production has scaled up around the world, this demand line has grown quickly, even though it remains smaller than the stainless steel base today.
What makes this pairing unusual is how different the two demand drivers actually are. Stainless steel demand tracks construction and industrial cycles that have moved roughly the same way for decades. EV battery demand tracks a technology adoption curve that is still relatively new and could evolve in ways that are harder to predict — including battery makers exploring lower-nickel or nickel-free chemistries for cost reasons, a genuine countervailing pressure worth knowing about rather than assuming away.
Nickel Price — 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 | — |
Why This Split Is Nickel's Most Distinctive Story
Most industrial metals have one dominant use case that explains most of their demand. Copper leans heavily on electrical wiring and construction. Aluminium leans on packaging, transport and construction. Nickel is genuinely split between an old, large, steady demand base and a new, smaller, faster-moving one — and that split is arguably the single most distinctive thing about nickel as a commodity right now.
It also explains why nickel news coverage can feel contradictory. A story about slowing construction activity and a story about accelerating EV sales can both be true at the same time, and they can pull nickel demand in opposite directions simultaneously. Anyone trying to make sense of nickel's price without accounting for both halves of this picture is only getting half the story.
Nickel Uses — FAQs
Stainless steel remains nickel's largest single use by a wide margin. Nickel is the alloying ingredient that gives stainless steel its characteristic resistance to corrosion, and that application has been the backbone of nickel demand for decades, well before EV batteries were part of the conversation.
Nickel is a key cathode material in nickel-rich lithium-ion battery chemistries, commonly referred to in the industry as NMC (nickel-manganese-cobalt) and NCA (nickel-cobalt-aluminium). Higher nickel content in these chemistries is generally associated with greater energy density, which is a major reason EV battery makers have leaned toward nickel-rich formulations.
Stainless steel remains the larger of the two by a clear margin today. EV battery demand for nickel has been growing quickly as electric vehicle production has scaled up worldwide, but it has not overtaken the older, much larger stainless steel demand base.
No. Stainless steel production can use lower-purity nickel inputs, including nickel pig iron (NPI), which is produced mainly in Indonesia and China at lower cost than fully refined nickel. Battery-grade nickel for EV cathodes generally requires higher purity, which keeps that segment of demand more closely tied to refined nickel supply.
It is a plausible long-term trend given how quickly EV production has been scaling, but it is not something that can be stated as a certainty. The outcome depends on the pace of EV adoption, battery chemistry choices (some manufacturers are exploring lower-nickel or nickel-free chemistries for cost reasons), and how stainless steel demand itself evolves over the same period.
