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Aluminium futures rise on spot demand
Aluminium prices rose 0.23 per cent to Rs 194.15 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.
By
migrator
migrator
New Delhi
Aluminium prices rose 0.23 per cent to Rs 194.15 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for May delivery gained 45 paise, or 0.23 per cent, to Rs 194.15 per kg in a business turnover of 1,926 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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