On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 4, or 0.43 per cent, to Rs 943.40 per kg in a business turnover of 2,185 lots.
Similarly, the metal for March delivery traded higher by Rs 4.80, or 0.51 per cent, at Rs 941.70 per kg in a business turnover of 15 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP SHW SHW