On the Multi Commodity Exchange, nickel contracts for January delivery gained 50 paise, or 0.05 per cent, to Rs 1,004.30 per kg in a business turnover of 1,861 lots.
Similarly, the metal for February delivery traded higher by 80 paise, or 0.08 per cent, at Rs 985.60 per kg in a business turnover of 349 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP SHW SHW