Nickel prices rose 0.14 per cent to Rs 792 per kg in futures market today after speculators widened bets, tracking a firm trend in the spot market on increased demand from alloy makers.
However, a weak trend in base metals at the London Metal Exchange (LME), capped the gains.
At the Multi Commodity Exchange, nickel for delivery in January next year gained Rs 1.10 or 0.14 per cent to Rs 792 per kg in a business turnover of six lots.
In a similar manner, the metal for delivery in December rose 8 paise, or 0.10 per cent to Rs 786.80 per kg in 430 lots.
Analysts said increased domestic demand from alloy makers supported uptrend in nickel futures here but weakness in industrial metals at the LME, limited the gains.
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