Nickel prices on Tuesday gained 0.68 per cent to Rs 899.60 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 6.10, or 0.68 per cent, to Rs 899.60 per kg in a business turnover of 4,408 lots.
Similarly, the metal for April delivery traded higher by Rs 6.60, or 0.74 per cent, at Rs 893.50 per kg in a business turnover of 133 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.