Nickel prices gained Rs 2.30, or 0.25 per cent, to Rs 921 per kg in futures trade today on fresh buying by traders in tandem with a better trend in global markets.
Pick up in demand, particularly from alloy and steel makers at physical markets also influenced the nickel futures prices.
At the Multi Commodity Exchange counter, nickel for August contract gained Rs 2.30, or 0.25 per cent, to Rs 921 per kg, with an open interest of 202 lots.
Similarly, the metal for delivery in current-month June contract edged up by Rs 1.20, or 0.13 per cent, to Rs 911.20 per kg, with a business volume of 17,105 lots.
Analysts said besides gains at the London Metal Exchange, firming demand from domestic alloy makers helped the nickel prices to trade higher at futures trade.
Meanwhile, nickel increased 0.8 per cent to $19,800 a metric tonne on the London Metal Exchange.
