Nickel gained Rs 7.20, or 0.71 per cent, to Rs 1,014.20 per kg in futures trading today on rising demand in the spot market.
Increased demand for metal from alloy-makers at physical markets also supported the upside in nickel futures prices.
At the Multi Commodity Exchange counter, nickel for August gained Rs 7.20, or 0.71 per cent, to Rs 1,014.20 per kg, with an open interest of 11,796 lots.
Similarly, the metal for delivery in September edged up by Rs 6.70, or 0.66 per cent, to Rs 1021.20 per kg, with an open interest of 1,486 lots.
Analysts attributed the rise in nickel futures to a firming trend in base metals in global markets as weak dollar raised the metal's demand.