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Nickel Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Stainless Steel Dominates, But It's Not the Whole Story
Ask most people what nickel is used for and the honest, boring-but-true answer is: stainless steel, overwhelmingly. Stainless and alloy steel, plus other nickel-containing alloys, account for more than 85% of nickel consumption in the United States, according to the US Geological Survey's 2026 Mineral Commodity Summaries. Today's nickel reference rate is ₹1.41 per gram on September 21, 2026.
- Stainless and alloy steel: more than 85% of US nickel consumption
- Electroplating, catalysts, chemicals: most of the remainder
- Batteries: a smaller but fast-growing share, concentrated in EV battery chemistries
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 |
What Nickel Actually Does Inside Stainless Steel
Nickel's role in stainless steel isn't decorative -- it's structural. Adding nickel to a chromium steel alloy gives it the specific crystalline structure (austenitic stainless steel) that resists corrosion, holds up under temperature swings, and stays workable and weldable in ways plain chromium stainless steel doesn't manage as well. That's why nickel-bearing stainless steel shows up everywhere from kitchen equipment and architectural facades to chemical processing plants and medical instruments.
Beyond stainless: the specialty alloys
A smaller but important slice of nickel demand goes into specialty nickel-based alloys built for conditions ordinary stainless steel can't handle -- extreme heat in jet engines, aggressive acids in chemical plants, or corrosive seawater in marine equipment. These alloys, covered in more depth on this site's nickel alloy page, push nickel content well beyond what standard stainless steel uses.
| End Use | Approximate Share (US) |
|---|---|
| Stainless and alloy steel, nickel-containing alloys | 85%+ |
| Electroplating | Part of remaining ~15% |
| Catalysts and chemicals | Part of remaining ~15% |
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 | — |
The Battery Demand Story, and Why Recycling Matters So Much
Nickel-rich battery chemistries -- NMC (nickel-manganese-cobalt) and NCA (nickel-cobalt-aluminium) -- have made electric vehicles a genuinely important demand source, even though battery use remains smaller than stainless steel's share of total consumption. What's easy to overlook is how much of nickel's supply already comes from recycling rather than fresh mining: nickel recovered from scrap, mostly the nickel content of stainless-steel scrap, accounted for roughly 60% of apparent US consumption in 2025. That's a genuinely circular supply chain already operating at meaningful scale, not a future aspiration.
The comparison table and 10-day history above track nickel's own price trend. For a longer view, the site's own nickel price history page holds real recorded data.
Nickel Uses — FAQs
Stainless and alloy steel, plus nickel-containing alloys, account for more than 85% of nickel consumption in the United States, according to the US Geological Survey. Nickel makes stainless steel resistant to corrosion and gives it the strength and durability used across construction, kitchenware, industrial equipment and infrastructure.
Stainless and alloy steel remain the dominant use by a wide margin, though battery demand -- particularly for nickel-rich lithium-ion battery chemistries like NMC and NCA used in electric vehicles -- has been one of the fastest-growing nickel demand categories in recent years, even as it remains a smaller share of total consumption than steelmaking.
Nickel is used in electroplating to give a bright, corrosion-resistant finish to other metals, in catalysts and chemical processing, and in specialty nickel-based alloys like Inconel, Monel and Hastelloy that handle extreme heat, corrosion or aggressive chemical environments that ordinary stainless steel can't.
A substantial amount. Nickel recovered from scrap, mostly nickel content in stainless-steel scrap, accounted for approximately 60% of apparent US nickel consumption in 2025, according to USGS -- making recycling a genuinely major source of supply, not a marginal one.
In some cases, yes. Low-nickel, duplex or ultrahigh-chromium stainless steels have been substituted for standard austenitic grades in construction, nickel-free specialty steels are sometimes used in power generation and petrochemical applications, and titanium alloys can replace nickel-based alloys in some corrosive environments -- though none of these fully replicate nickel's specific combination of properties across all its uses.
