Tracking a firming global trend, nickel prices rose by Rs 8.60 to Rs 1,017.80 per kg in futures trade today.
At the Multi Commodity Exchange, nickel for delivery in March month rose by Rs 8.60, or 0.85%, to Rs 1,017.80 per kg in business turnover of 389 lots.
The February contract moved up by Rs 8.30, or 0.83% to Rs 1,007.90 per kg in 3467 lots.
Analysts said buying by speculators following a firming global trend mainly pushed up nickel prices at futures trade.
Meanwhile, nickel advanced 1.2% to $20,398 a tonne on the London Metal Exchange.