In futures trading at the Multi Commodity Exchange, nickel for delivery in November spurted Rs 6.70, or 0.96 per cent, to Rs 703 per kg, in a business turnover of 898 lots.
The metal for delivery in December was trading higher by Rs 6.70, or 0.95 per cent, to Rs 708.50 per kg in 11 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 coupled with a strength in base metals at the London Metal Exchange (LME) after China's economy stabilised in the third quarter, to bolster the outlook for commodities demand.