Nickel futures traded a shade higher by 0.30 per cent to Rs 1,120.30 per kg on the back of rising demand at the spot market even as the metal softened globally.
At the Multi Commodity Exchange counter, nickel for delivery in January traded Rs 3.40, or 0.30 per cent higher, to Rs 1,122.30 per kg, with a business turnover of four lots.
Similarly, the metal for delivery in February moved up by Rs 3, or 0.27 per cent, to Rs 1,132.40 per kg, with an open interest of two lots.
Market analysts said a firm trend at the spot market on the back of rising demand from domestic industries and alloy makers, influenced nickel futures prices here but weakness in metal at the London Metal Exchange (LME), capped the gains.
Meanwhile, at the LME, nickel was marginally down at $24,580 a tonne.
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