Aluminium Futures Rise: Fresh Bets Boost Prices
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Aluminium futures climb on fresh bets. MCX November delivery up Re 1 to Rs 262.25/kg. Positive spot market trend fuels gains.
New Delhi, Oct 3 (PTI) Aluminium prices on Friday rose by Re 1 to Rs 262.25 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in November increased by Re 1, or 0.38 per cent, to Rs 262.25 per kg in 350 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium for delivery in November increased by Re 1, or 0.38 per cent, to Rs 262.25 per kg in 350 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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