Tracking a firming trend overseas, nickel prices gained 0.60% to Rs 924.50 per kg in futures trading today as speculators created fresh positions.
At the Multi Commodity Exchange, nickel for delivery in October gained Rs 5.50, or 0.60%, to Rs 924.50 per kg, with a business turnover of 126 lots.
September nickel traded higher by Rs 5.40, or 0.59%, to Rs 915.40 per kg, with a business turnover of 2,425 lots.
Marketmen said besides rising demand from alloy-makers at the domestic spot markets, a firming trend in global markets on expectations that China and the US will bring more stimulus measures, raised the demand outlook for industrial metals, pushing up nickel prices at futures trade.
Meanwhile, nickel rose 0.24% to $16,540 a tonne on the London Metal Exchange.
