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Aluminium futures rise on spot demand
Aluminium prices rose 0.54 per cent to Rs 195.75 per kg in the futures trade on Thursday as speculators built up fresh positions amid a positive trend in the spot market.
By
migrator
migrator
New Delhi
Aluminium prices rose 0.54 per cent to Rs 195.75 per kg in the futures trade on Thursday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for the May delivery gained Rs 1.05, or 0.54 per cent, to Rs 195.75 per kg in a business turnover of 2,085 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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