At the Multi Commodity Exchange, nickel for delivery this month moved up by Rs 8.30, or 1.22 per cent, to Rs 687.90 per kg, in a business turnover of 1,326 lots.
Also, the metal for delivery in October gained Rs 8.30, or 1.21 per cent, to Rs 694.40 per kg in 73 lots.
Marketmen said besides pick-up in domestic demand from alloy-makers, covering-up of short positions by speculators, led to the rise in nickel prices at futures trade.