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Buoyed by a rebound in base metals overseas, nickel prices were up by 0.46 per cent to Rs 854.20 per kg in futures trading today as speculators created fresh positions.
Besides, rising demand at domestic spot markets from alloy-makers supported the upside.
At the Multi Commodity Exchange, nickel for delivery in March rose by Rs 3.90, or 0.46 per cent, to Rs 854.20 per kg in business turnover of 2,125 lots.
Metal for delivery in April too was trading Rs 3.50, or 0.41 per cent higher at Rs 861.70 per kg in 39 lots.
Market analysts said a firming at the London Metal Exchange (LME) as investors look ahead to jobs data from the US and growth targets from China, the world's two biggest metals consumers, mainly led to rise in nickel futures here.
Besides, increased demand at domestic spot markets from alloy-makers, influenced metal prices at futures trade here.
