On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 3.40, or 0.36 per cent, to Rs 955.50 per kg in a business turnover of 2,071 lots.
Similarly, the metal for March delivery traded higher by Rs 4.90, or 0.52 per cent, at Rs 956.30 per kg in a business turnover of 59 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW