Nickel for delivery in August moved up by Rs 4.80, or 0.78 per cent, to Rs 622.20 per kg, in a business turnover of 204 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in current month traded higher by Rs 4.60, or 0.75 per cent, to Rs 617.20 per kg in 1,785 lots.
Analysts attributed the rise in nickel prices at futures trade to raising of bets by participants, triggered by a firm trend at the domestic spot markets on increased demand from alloy-makers.