Supported by spot domestic demand and firmness in the entire base metals pack at the London Metal Exchange, nickel continued its upward march and prices rose by Rs 1.20, or 0.13 per cent, to Rs 891.40 per kg in futures trade today.
At the Multi Commodity Exchange counter, nickel for delivery in August contract edged up by Rs 1.20, or 0.13 per cent, to Rs 891.40 per kg, clocking a turnover of 3 lots.
Likewise, the metal for delivery in July contract gained Re 1, or 0.11 per cent, to Rs 885.60 per kg, in a turnover of 2 lots.
Market analysts said apart from gains at the London Metal Exchange, good demand from domestic alloy makers and other consuming industries also influenced nickel prices at the futures market here.
Meanwhile, nickel was being traded 0.6 per cent higher at $18,795 a tonne in international markets.