On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 4.60, or 0.49 per cent, to Rs 942.80 per kg in a business turnover of 2,413 lots.
Similarly, the metal for March delivery traded higher by Rs 3.40, or 0.36 per cent, at Rs 943.30 per kg in a business turnover of 57 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW