On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 11.10, or 1.18 per cent, to Rs 950 per kg in a business turnover of 3 lots.
Similarly, the metal for February delivery traded higher by 3.10 paise, or 0.33 per cent, at Rs 935 per kg in a business turnover of 3,900 lots.
Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said. VHP RUJ RUJ