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Aluminium futures rise on spot demand
Aluminium prices rose 0.67 per cent to Rs 180 per kg in the futures trade on Tuesday as speculators built up fresh positions amid a positive trend in the spot market.
By
migrator
migrator
New Delhi
Aluminium prices rose 0.67 per cent to Rs 180 per kg in the futures trade on Tuesday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for the April delivery gained Rs 1.20, or 0.67 per cent, to Rs 180 per kg in a business turnover of 1,619 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.
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