Supported by a firm global trend, nickel futures rose by Rs 1.30, or 0.13 per cent, to Rs 1,019.30 per kg at the Multi Commodity Exchange as speculators enlarged their positions.
Pick up in demand from alloy-makers in the physical markets also helped nickel futures to trade higher.
At the MCX, nickel for delivery in September contracts edged up by Rs 1.30, or 0.13 per cent, to Rs 1,019.30 per kg in a turnover of 211 lots.
The far-month October contract also traded higher by Rs 0.40, or 0.04 per cent, to Rs 1,010.60 per kg, clocking a turnover of 2,247 lots.
Analysts said besides somewhat better trend in base metals pack overseas, strong demand from alloy-makers at the domestic physical markets, also influenced nickel prices in futures trade here.
