Nickel futures today rose by Rs 15, or 1.52 per cent, to Rs 1,003.50 per kg at the Multi Commodity Exchange following firming global trends.
Pick up in demand from alloy makers at spot markets also influenced nickel futures prices, marketmen said.
At the Multi Commodity Exchange counter, the nickel contract for delivery in October traded Rs 15, or 1.52 per cent, higher at Rs 1,003.50 per kg, with a turnover of 677 lots.
The metal for delivery in current-month September also gained Rs 14.80, or 1.48 per cent, to Rs 995 per kg, with a turnover of 12,052 lots.
Analysts attributed the rise in nickel futures mostly to expectations that the global demand for metals may pick up as China's manufacturing expanded at a faster pace in August.