Nickel was trading high by Rs 3 or 0.32 per cent today at Rs 911.70 per kg in futures trade after traders enlarged positions at prevailing lower levels.
Pick up in demand by consuming industries, particularly from alloy makers at physical markets, also influenced the nickel prices in the futures trade.
On the Multi Commodity Exchange counter, nickel for delivery in August contract recovered by Rs 3, or 0. 32 per cent, to Rs 911. 70 per kg, with a turnover of 74 lots.
Similarly, the metal for delivery in July contract gained Rs 2. 60 or 0. 29 per cent, to Rs 905. 50 per kg, clocking a turnover of 2,101 lots.
Analysts attributed recovery in nickel futures price to increased demand in spot markets amid recovery in copper and other metals at the London Metal Exchange after previous session's weakness.