Aluminium Futures Rise on Speculative Bets
Dec 15, 2023 14:33
Aluminium prices surged 1.35% in futures trade on December 15th, driven by speculative buying and positive spot market trends. Learn more about the factors influencing aluminium prices.
New Delhi, Dec 15 (PTI) Aluminium prices on Friday climbed 1.35 per cent to Rs 203.15 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for December delivery increased by Rs 2.70 or 1.35 per cent to Rs 203.15 per kg in a business turnover of 3,274 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.