Extending its upward journey, nickel futures prices rose by another to Rs 1,081.80, or 0.19 per cent, per kg on the back of firming global trend, along with strong demand at spot markets.
Market analysts said firming trend in the entire base metals pack at the London Metal Exchange (LME) due to the improved demand outlook amid weakening dollar, mainly influenced nickel futures here.
Besides, rising demand from alloy makers at domestic markets also supported the upside in prices, they said.
At the Multi Commodity Exchange counter, nickel for October delivery gained Rs 4.10, or 0.19 per cent, to Rs 1,081.80 per kg, with a business turnover of one lot.
Similarly, the metal for delivery in December also rose by 60 paisa, or 0.05 per cent, to Rs 1,095 per kg, with a business turnover of three lots.
Meanwhile, at the LME, nickel rose 0.6 per cent to $24,450 a tonne.