Tracking firmness in the entire base metals pack overseas, nickel rose by Rs 8.40 or 0.92 per cent to Rs 918 per kg in futures trade today.
Strong demand, particularly from alloy makers at physical markets also supported the upside in nickel futures prices.
At the Multi Commodity Exchange counter, nickel for delivery in August contract moved up by Rs 8.40, or 0.92 per cent to Rs 918 per kg, with an open interest of 218 lots.
Similarly, the metal for delivery in most-active June contract gained Rs 8, or 0.89 per cent to Rs 905.90 per kg, with an open interest in 19,379 lots.
Analysts said, besides gains at the London Metal Exchange, consolidation of demand from domestic alloy makers, also influenced the nickel prices at futures market here.
Meanwhile, nickel traded 1.7 per cent higher at $19,600 a tonne.
