Nickel futures prices today moved up by 0.43% to Rs 840.60 per kg as speculators enlarged their positions taking cues from a firming trend in spot markets.
However, metal's weakness in the global market, capped the gains.
At the Multi Commodity Exchange, nickel prices for delivery in July gained Rs 3.60, or 0.43%, to Rs 840.60 per kg in business turnover of 920 lots.
Nickel prices for delivery in August rose marginally by 10 paise, or 0.01% to Rs 845 per kg in 43 lots.
Analysts said increased domestic demand from alloy-makers at spot markets influenced nickel futures contracts but metal's weakness at the London Metal Exchange (LME), limited the gains.
Meanwwhile, nickel dropped 0.6% to $13,957 a tonne on the LME.
