The October contracts were trading higher by Rs 5.10, or 0.74 per cent, at Rs 698.30 per kg in a turnover of 959 lots at the Multi Commodity Exchange.
The metal for delivery in November too rose by a similar margin to trade at Rs 704 per kg in 9 lots.
Analysts said the rise in nickel prices at futures trade was mostly attributed to strong demand from alloy makers at the domestic spot markets.
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