At the Multi Commodity Exchange, nickel for delivery in December gained Rs 1.10, or 0.15 per cent, to Rs 721.20 per kg, in a business turnover of 1,334 lots.
The metal for delivery in January rose by 40 paise, or 0.06 per cent, to trade at Rs 726.20 per kg in 17 lots.
Analysts said increased domestic demand from alloy-makers at the physical markets, mainly influenced nickel futures here.